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WiseAnalyze
Oct 8, 2018 11:35 AM

QLC parallel channel Long

Description

QLC bounced of lower trendline and showing potential to continue moving upwards despite the fact that it has a lot of resistance above. That is not the most obviouse trade and so I won't be investing more than 5% of my balance into it but I still expect ~25% profit at least in midterm. It has very little time till breakout. Once happen we will see the future =)



As you can see on daily chart price is now at most volume occumulated area. If sellers will let the price through it it will pump.

Comment

It was a fantastic breakout. Price bounced of channel border and went back but didn't cross the middle line, so we may expect it to continue growing after consolidation.

Comment


Get ready to rock'n'roll with a new wave of QLC. Bright future ahead and good profits for holders.
Comments
Seba1972
Cosa ci si può aspettare adesso? Grazie
WiseAnalyze
@Seba1972, aspettatevi che cresca ma abbia bisogno di tempo per il consolidamento.

Should grow but since it pumped so hard and then was dumped by BTC fall it may need some extra time for recover.
Seba1972
@Philosof, grazie
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