Unibright (UBT) Technical Analysis 2021 for Crypto Traders

Unibright (UBT) Technical Analysis 2021 for Crypto Traders

In Unibright (UBT) Technical Analysis 2021, we use past statistics, price analysis, RVOL, MA, and much other information about UBT to analyze the future trend of the cryptocurrency

The Unibright framework is a platform for low-code business modelling and integration. It was created with the goal of assisting businesses in taking advantage of blockchain technology.

The Platform uses blockchain technology to support business processes, enabling new and improving existing processes in terms of efficiency, transparency, and security. To build your blockchain application, the network provides the best architects, blockchain developers, and integration specialists.

Unibright (UBT) Current Market Status

According to CoinGecko, the UBT price is trading at $2.39 with a 24-hour trading volume of $4,308,682, at the time of writing. However, UBT has surged to 12.68% in the last 24 hours.

In addition, UBT has a circulating supply of 149,999,999 UBT coins. Currently, UBT trades in HitBTC, CoinW, Uniswap (V2), Uniswap (V3), and Bittrex. 

Unibright (UBT) Technical Analysis 2021 

Unibright (UBT) holds the 170th position on CoinGecko right now. The recent development and upgrades might push UBT to reach new heights. Now, let’s deep dive into the UBT technical analysis 2021. The daily time frame chart of Unibright (UBT) is shown below.

UBT/USDT Ascending Channel Trend Pattern (Source: Tradingview)

The price action contained between two parallel upward sloping lines is defined as an ascending channel. Higher highs and lower lows distinguish this price pattern. An ascending channel is formed by connecting the swing lows with a lower trend line and the swing highs with an upper channel line.

A breakout above an ascending channel may indicate that the upward trend will continue, whereas a breakdown below an ascending channel may indicate that the trend will change.

Currently, UBT trades in a range of $2.39. If the price breaks the trend line resistance level of $2.55 then it will lead to a further surge up to the $5.57 Level. If the trend reverses to the down side, then it will reach the support level at $0.66.

Unibright (UBT) RSI

The below chart shows the relative strength index (RSI) of UBT. 

UBT RSI (Source: TradingView)

As shown in the above chart, RSI remains at 74.33. This shows that UBT’s price is in an overbought state. This shows that traders have to trade carefully, however, major price reversal could take place.

Unibright (UBT) RVOL

The below chart shows the Relative Volume of UBT. It is an indicator that indicates to traders how the current trading volume has changed over a period of time compared to the previous trading volume.

UBT RVOL(Source: TradingView)

Currently, the RVOL of UBT lies below the cutoff line which represents the weaker participants in the current trend.

Unibright (UBT) Moving Average

Unibright’s Moving Average (MA) is shown in the chart below. MA supports traders to find trends.

UBT MA (Source: TradingView)

Currently, UBT is in a bullish state. However, UBT price is closely above 50 MA (short-term), and it is now in between 50 MA and 200 MA. Possibly, UBT can also move above 200 MA (long-term) soon.

Once it moves above 200 MA level, it completely goes to a bullish state. Moreover, there is a high possibility of Trend reversal at any time.

Unibright (UBT) Price Comparison With Bitcoin

The below chart shows the price comparison between UBT and BTC. 

UBT vs BTC Price Comparison chart(Source: TradingView)

From the chart, we can identify the trend of the BTC and UBT is moving at the same level as the trend. This indicates when the price of BTC increases or decreases, the price of UBT also increases or decreases respectively.

Conclusion

With the ongoing developments and upgrades that are taking place within the UBT platform. Unibright has a great future ahead in this crypto market. However, UBT can reach new heights.

Bullish UBT price prediction 2021 is $5.57. As mentioned above, it may reach great heights, however reaching $6 is also possible, if investors have decided that UBT is a good investment in 2021.

FAQ

What is Unibright?

The Unibright framework is a platform for low-code business modelling and integration. It was created with the goal of assisting businesses in taking advantage of blockchain technology.

Where can you purchase UBT?

UBT is listed on many cryptocurrency exchanges that include HitBTC, CoinW, Uniswap (V2), Uniswap (V3), and Bittrex.

Will UBT reach a new ATH soon?

With the ongoing developments and upgrades within the UBT platform, it has the high possibility of reaching its ATH soon.

Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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