Qlink may likely have a strong ICO reversal similar to OmiseGo. So I'm definitely bullish on QLC, but near-term forming a bearish head and shoulders pattern.
I've drawn out the support zones and the buy zone. If H&D plays out, I'll be accumulating QLC in buy zone for the bull run. Could easily do x2 and x3 current price.
Comment
⋅
very strong support at 2200sat and following new uptrend line
big picture looks like we're in the handle of a Cup and Handle
Comment
⋅
if it closes below 2200 we can see a drop down to confirm H&D. buy volume showing strength, however.
Comment
⋅
H&D failed. Ascending triangle breakout. VERY BULLISH
@heukdaddy, I'm just going to trade it as it goes through the ico reversal. Will take most of my profits into btc based on how it performs. If it's anything like OMG, ONT, or WAN itll be a dramatic launch to the upside. After that, we'll need to see.
heukdaddy
⋅
@jibk, OMG already went up so high once.. Do you think it's due for a correction, or is it okay to just buy it now for long term profits?
jibk
⋅
@heukdaddy, I'm a long-term holder for OMG. Wouldnt buy right now, but will keep watch. You should check out the OMGBTC page on tradingview for other opinions