I am going to explain key points below and after that you can easily decide the trend.
1. Monthly Resistance was rejected on 1st test at 111 sats. 1st test is 90 % of the time gets rejected and the same thing happened here.
2. Candles also got rejected at T2, Which was a trend line resistance. Upper Trend Line has been tested 5 times. Observe closely. I have...
On week chart the priceline has touched the pennant's support.
The MACD has given week bullish.
RSI is already in oversold zone.
The volume profile's visible range is giving clear indication that the trader's interest is very low at this area which will help the price action to take bullish divergence soon from here insha Allah.
Sell targets are:
Towards Final Support Area..
All indicators Indicating Oversold & Good For Midterm Buy..
Big Gain Potential In Midterm
Buying Zone 350-380 Sats
Sell Targets For Midterm Are 610-760 Sats
Stop Loss Below Strong Support
Hold TimeFrame Till Mid June Or End June..
The QuarkChain Network is an innovative...
Here is a chart is QKC/BTC based on Elliott wave Theory movement predicted as per theory. Nothing to say much because it's just a theory and will move throughout the wave, so move with the wave. We'll see a good movement in a few weeks ;) .
SL @750 sat
You can confirm the chart here as I closed my position at this level:
By the RSI at the moment on the daily time frame looks quite juicy. It touched the lower level. Even so, I'm still not convinced, is this will turns out as a rally or just a dead cat...