Price Analysis Of UFT, Pearl And Terra!

UFT ANALYSIS: JULY, 2021

Technical:

The UFT coin has various features such as governance, platform utility and more. Here’s the price analysis of UFT.

UFT is trading at $0.62. It has been a bearish trend since its inception. The lower-high and lower-low formation on the daily time frame clearly depict the bearish trend of the market. It has also formed a descending triangle pattern on the same time frame which is another bearish indication. The coin is expected to make a fresh lower-low if it breaks the previous swing low.

The coin is also trading below its 50-day exponential moving average. The 200-day exponential moving average does not exist due to lack of time.

The volumes on the daily time frame are indicating further weakness. The amount of bearish volumes exceeds the bullish ones. In addition to that, the scattered bullish volumes are less than average.

UFT price analysis
Source: tradingview

Market Sentiment:

The Relative Strength Index is showing mild price strength in the short term. It has given a positive divergence from its lower trendline as seen on the charts. It is currently positioned at 41.86, with a potential to go higher.

The MACD is converged entirely with the signal line, giving no specific call to investors. A decisive cross above or below the signal line will confirm the future trend.

The price analysis of UFT is indicating bearishness.

UFT price analysis
Source: tradingview

Conclusion:

On the breakout and close above $0.815, $0.952 and $1.18 are the targets on the upside.

On the breakdown and close below $0.489, $0.395 and $0.281 are the targets on the downside for UFT.

The price analysis of UFT is indicating a possible breakdown of the support.

PEARL ANALYSIS: JULY, 2021

Technical:

Users can use the pearl finance coin to stake and earn rewards instantly on the Tron platform. Here’s the price analysis of Pearl Finance.

Pearl finance is trading at $118.71. The coin has been in a bearish trend, making lower-highs and lower-lows on the daily time frame. Currently, it is consolidating near the demand zone of $103.33 to $115.69. This range has proven to be a great support zone for the coin and if it breaks, another downtrend can be seen. Moreover, the daily chart shows the presence of many bullish candles with long upper wicks. This implies that the buyers have tried to drive the price up but the sellers have outperformed them. The seller dominating market is clearly seen.

The coin is trading well below its 50-day and 200-day exponential moving average, confirming the bearish trend.

The volumes are next to negligible indicating lack of participation in the coin.

UFT price analysis
Source: tradingview

Market Sentiment:

The Relative Strength Index is showing mild bearishness as it drifts lower. The RSI has taken a negative divergence from its upper trendline. It is currently positioned at 38.03.

The MACD is surprisingly slightly above the signal line, giving a ‘buy’ call to investors.

Pearl finance analysis
Source: tradingview

Conclusion:

On the breakout and close above $137.81, $175.77 and $224.99 are the targets on the upside.

On the breakdown and close below $114.57, $103.11 and $95.11 are the targets on the downside for Pearl Finance.

TERRA ANALYSIS: JULY, 2021

Technical:

Terra is programmable money for the internet that is easier to spend. Here’s the price analysis of Terra.

Terra is trading at $6.69. It has achieved the targets on the upside as mentioned in the previous analysis post. Since then, the coin has retracted back as a part of the higher-low trend of the structure. A retest after a breakout is common and considered health for the resumption of the bull run.

Terra is also facing immediate resistance from its 50-day and 200-day exponential moving average. Until the coin crosses above it, it will remain sideways.

The volumes for the last five days were very bearish. The market is dominated by the sellers for now until a reversal is seen.

Terra analysis
Source: tradingview

Market Sentiment:

The Relative Strength Index is showing mild price strength. It has given a positive divergence from the lower trendline. It currently stands at 49.46.

The MACD has crossed below the signal line, giving a ‘sell’ call to investors. This positioning of the MACD is justified by the retracement seen on the charts.

UFT price analysis
Source: tradingview

Conclusion:

On the breakout and close above $7.12, $8.40 and $10.39 are the targets on the upside.

On the breakdown and close below $5.45, $4.55 and $3.93 are the targets on the downside for Terra.