QuarkChain Holds Its Floor (Prepares For Green Action)

Updated

QuarkChain has been printing lower highs and higher lows since the 28 Jan '19 when it hit a low point.

Let's take a quick look at this chart, so feel free to hit like and allow me to entertain you for a few minutes ... Ok, now!

QuarkChain (QKCBTC) Chart Analysis (1D)

Noticing the red trendline and the green one, dashed lines, we can see a descending triangle taking place. This is a bearish pattern, but I don't bearish is what QKCBTC wants to do in a few short days.
Notice the last high volume bar on the breakout above EMA10. After just one day of consolidation, QKCBTC resumed its breakout and challenged EMA50 where it found resistance and retraced.
The first challenge to break is EMA50 sitting at 0.00000862 before QKCBTC can move up strong. Small short term retraces followed by consolidation are possible before the break of this resistance.
If its price falls down and closes below 0.00000798, then this would signal a loss of the last break and new signals/analysis is needed, as the bullish potential would be over.
The RSI is looking strong, above 50 which is bullish. This is now something we are seeing with most altcoins, but only a few have a MACD above the neutral zone.
We are seeing many altcoins breaking up, so the market sentiment is changing in the altcoins market which is about to produce a strong wave up.

Additional details can be seen on the chart.

Thanks a lot for your time, for reading, and the amazing continued support.

Namaste.

Note

Trade: QuarkChain (QKCBTC)

BUY: 0.00000790 - 0.00000865 (830)

TARGETS:

(1) 0.00000910 -Reached +9%
(2) 0.00000980 -Reached +18%
(3) 0.00001044 -Next target
(4) 0.00001100
(5) 0.00001200

STOP: Close daily candle below 0.00000750.

AlanSantana

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