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SaintJokel
Sep 29, 2021 10:24 AM

BENQI (QI): More downside! Short

BENQI / TetherKuCoin

Description

More downside is to be expected with QI. QI has formed a double top with a confirmed retest and will most likely hit $0.069 before we can see any minor trend reversal. Wish I detected this move earlier, but there is still some more room further down.

Any thoughts on this idea, please share with us!

-If you agree with this, like and share.

Cheers.

Trade closed manually

Comments
TraderKuCoin
after 8 Days With red candle
QI is ready for jump
i disagree with you bro ;)
SaintJokel
@TraderKuCoin, Well atm the chart is not showing me anything else then a drop to $0.07. As we all know, the crypto market can be brutal, but I'm sticking to my short-term bearish scenario. Personally, I have not shorted this asset, but if I did it would have put me 14% in green. Let's see if .78 fib level (macro) holds.. if not then definitly further down.
TraderKuCoin
@SaintJokel Well done ... but i think avax pump come soon because it gets list in others exchange ... and then QI ... crypto market more than technical analys , pump with news ! dont forget that
delrioustrem
Even with avax being listed on coinbase tomorrow?
SaintJokel
@david10romero, I hope it does cuz I do own a bag of QI, but I don't see much similarity when looking at both charts. Never say never! I do however see the public sale dump that started on the 18th of Sept. Unless the chart shows me something else I stick to the bearish scenario.
delrioustrem
@SaintJokel, Agreed. I'm going to keep an eye around the support. Let's see what the news can bring.
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