We will be conducting a macro analysis between the three competitors UTK, COTI, and REQ while analyzing their technical status and comparing all three together in the end.
UTK had first a strong downtrend reversal, and now see a almost perfect re-test of the broken key-area of support, such formation is a beautiful combination of a healthy asset with many upside potentials. UTK is currently showing a rounded re-test of the broken key-area of resistance and is slowly continuing its journey to the key-area of resistance above. Looking at technical indicators, such as the MKAST Algorithm, one can identify a bullish condition, which is entirely understandable since it started with the strong breakout of UTK and is currently setting up for further continuation. The MKAST Index is showing 12/15 points and is up trending. The strong uptrend and the fact that there is still quite a bit of room to grow for the index leaves UTK with powerful hands at the table and ready to take on the next marked out key-area of resistance soon.
COTI has not seen any strong impulsive moves yet and is just slowly grinding to the upside. The movement is gaining slowly on momentum, yet it could also stop at any point in time if the impulsive move doesn’t appear. As COTI is moving slowly and to the upside, the technical indicators such as the MKAST Algorithm clearly show a bullish condition. Such a bullish situation against resistance is entirely understandable. It can be a strong influence for COTI to finally make a move, which all traders and investors have been waiting for. Looking at the MKAST Index, one can see that it shows 13/15 points, which is relatively high, yet not too high, and still leaves a little room to grow to the upside.
REQ had one strong breakout, and since then, nothing else happened apart from some wicks to the upside and the downside. Such wicks show that sellers and buyers are happy with the price where it is right now and are not willing to buy it for more, nor to sell it for less. Technically, REQ is still above the previous key-area of resistance, which has been turned into support now and is holding firmly above it, not the most bearish of signs. Looking at technical indicators, such as the MKAST Algorithm, one can identify a bullish condition entirely understandable due to the strong pump and downtrend reversal a few weeks ago. The MAKST Index shows 8/15 points, which is not displaying quite a lot of strength, yet leaves a lot of room to grow. Should REQ re-gain momentum and start moving upwards, it has excellent chances for strong moves.
UTK's reversal is apparent, the upside is clear, and the continuation from here is very likely. Following is COTI with a vital opportunity to finally see a strong movement to the upside. It has the chance to make an impulse move, especially after such a long period of consolidation below resistance. Finally, REQ is not moving at all right now and not showing any particular strength that would need a unique eye on it. It is slow and might be merely right for accumulation, but nothing else at this point.
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