Hello fellow traders and investors, here's another trade idea. QBTC has recently sold off to the bottom of the channel. If it makes a recovery to the top of the channel it offers a 40% ROI.
Technicals: The Macd indicates that it's in a downtrend but not oversold The bearish volume is seeing signs of exhaustion which could lead to a reversal The RSI is oversold
When To Buy: Now
When To Sell: At the top of the channel
Fundamentals: QBTC is a bitcoin fund.
Rating: 90/100 volume looks amazing and so do the technicals.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
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