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Long

CQT bullish scenario

By PakRT
Updated
Hello Traders, I want to share with you a low cap token with good fundamental named Covalent KUCOIN:CQTUSDT.

This is my view from technical analysis perspective :
  • CQT has reclaimed its structure for bullish move.
  • The price was staying above MA200 since mid Dec 2022.
  • Making higher low since Aug 2022 yet btc had lower low in last Nov.
  • Below $0.11 is good for accumulation.
  • Once breakout the target are 0.189 ; 0.224 ; 0.289
Note
running 70% profit, almost hit 1st target
Trade closed: target reached
Target 1 reached, will hold some towards 2nd target
altcoinaltcoinanalysisaltseasonBTCbtcanalysischartanalysisChart PatternscovalentCQTCQTUSDTTechnical IndicatorsTrend Analysis
PakRT
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