From our previous analysis, the price reached the first target again and it is still in the same position. The pattern is very complex again for Quantum Scape Corporation.
This is offering another trading opportunity.
The lowest low was created at 5.11 and the price tested this zone for the second time.
The price reaction was really good and this shows that we have the bulls positioned near this area. During the previous week, the price tested 6.5 and the reaction was good.
The price may likely rise further between 5.2 - 6.5 zone
You may find more details on the chart. Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Also, doesn't the New Year's peak strike you with the head and shoulders form? This would indicate the price would go down the target support
ScarceWater
⋅
Hi! Do you think the price will definitely reach the target support and shorting is possible? I have a feeling the price will go up first before bouncing for real
KlejdiCuni
⋅
@ScarceWater, Hi! The price is already near the reversal zone. It bounced also before near that area and the odds are that it can repeat the same thing again.
ScarceWater
⋅
@KlejdiCuni, or it is preparing for a tripple botton. Even if it pierces, I think it would still bounce high, just from a lower level
KlejdiCuni
⋅
@ScarceWater, yes it is already showing the triple bottom possibility. I placed the zones in the chart. let's see now:)