Long

QKC Long +Targets

Updated

Looks like the correction is over, forming W pattern at the bottom. However to be safe wait for confirmation, consolidation at the top W pattern look for a trend line breakout.

W Pattern

Note

We are trading above trend line and first target reached

Note

Our Indicators are turning Bullish, MACD is turning to upside, SRSI is moving up and SMI just trigger a signal. in addition TD is starting with a strong green follow for a green 2 trading above green. Moreover, price action is above EMAs.

Note

Second Target reached: QKC has held and consolidated at 740 and set up itself for the next target.

Whats next?: If QKC managed to hold 800S, meaning do not break the current trendline, we could see a break out in the next few hours, otherwise, it will correct itself to 780S.

Indicators:
- SRSI is about to get over sold but that does not mean we are going to correct. its just describing the current trend.
-MACD: Looks like is losing strength, however it can bounce back keep going up.
-SMII: looks bullish to me.

Lets see how this develop in the next hours.

Note

Trade closed: target reached

As you can see we have reached our target. I expected a lot of volatility during this period. BTC has broken a key support. Ill be watching closely the market from the sides.

Note

Trade review

Trade closed: target reached

vfxvictor

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