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sergidown
Jan 23, 2023 6:24 PM

QRDOUSDT at a critical level 

Description

Price broke throguht down trend line but it is currently at a previous support that should act as a resistance now.

Most likely price action would be to visit back ATL at 0,1 USDT. Shorts would get confirmation of this target if price fell below 0,145 USDT.

If 0,145 USDT stands and price manages to break the current resistance level, expect a retest of the area between 0,217 and 0,196 USDT with a target bewtween 0,33 and 0,38 USDT.

Comment

So far, things to be heading south, towards ATL. Still, price did not lose key level of 0,145 so bullish scenario still up.

Comment

Price action looks bearish once price has been unable to stay above 0,2196 USDT level. A dip below 0,15 would activate the bearish scenario. Targets aroung 0,1 USDT level.

Trade closed: target reached

Lower target reached
Comments
pcrowl08
wow so price will go up or down? Thanks for the expert analysis
sergidown
@pcrowl08, right now it looks like it is going down. However, I would not consider opening shorts until price falls below 0,15
SwallowPremium
Fantastic work as always, thank you for sharing!
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