hi guys. today, i am looking into one of the promising coins qkc.
1 day oversold, every indicator is oversold with buy zone approached. not many coins, you can find weekly oversold.
basically, can be bear flag for long term, but huge bounce is inevitable in few weeks.
price from 0.023 to until 0.018~19 dollar is buy zone. accumulate properly. stoploss is under 0.018 which will indicate this chart was different pattern that is inclined to real bearish.
even though this coin pattern is bearish flag in long term, we can play the flag it will be only the 2nd time touching strong support zone now.
in dollar term, 0.028/0.036 is sell zone. this trade is going to take weeks, only confirming bottom will take pretty long time.
at the moment coins like poly, and many others are touching bottom supports. this will indicate btc massive fall might not happen
so soon. but lets keep aware of btc too. we need to see if it will break altcoins bottom supports.
4hr chart is showing somewhat bullish wedge. however, i do not really trust this pattern since this is not a major coin. and most of the time the wedge does not come this narrow. so don't all in just because it looks like a bullish wedge. buy in proper order. many times if the falling wedge comes to this narrow price can just slide down. but we can see bullish divergence is built in multiple
time frames.
happy trading!
1 day oversold, every indicator is oversold with buy zone approached. not many coins, you can find weekly oversold.
basically, can be bear flag for long term, but huge bounce is inevitable in few weeks.
price from 0.023 to until 0.018~19 dollar is buy zone. accumulate properly. stoploss is under 0.018 which will indicate this chart was different pattern that is inclined to real bearish.
even though this coin pattern is bearish flag in long term, we can play the flag it will be only the 2nd time touching strong support zone now.
in dollar term, 0.028/0.036 is sell zone. this trade is going to take weeks, only confirming bottom will take pretty long time.
at the moment coins like poly, and many others are touching bottom supports. this will indicate btc massive fall might not happen
so soon. but lets keep aware of btc too. we need to see if it will break altcoins bottom supports.
4hr chart is showing somewhat bullish wedge. however, i do not really trust this pattern since this is not a major coin. and most of the time the wedge does not come this narrow. so don't all in just because it looks like a bullish wedge. buy in proper order. many times if the falling wedge comes to this narrow price can just slide down. but we can see bullish divergence is built in multiple
time frames.
happy trading!