QKC/USDT - Ascending Triangle Breakout with 20% Target
TECHNICAL ANALYSIS: 📈
Price Structure:
- QuarkChain currently showing a clear ascending triangle pattern
- Current price: $0.01036 (-1.57%)
- Trading timeframe: 1H chart
- Key price level identified at $0.012(potential 20% upside)
Pattern Analysis:
- Formation of an ascending triangle with:
• Horizontal resistance: $0.0122
• Rising support trendline (gray)
• Compression zone between $0.010 - 0.0105
Key Observations:
- Price has broken above the immediate resistance
- Volume showing signs of accumulation
- Target projection based on pattern height: 20.10% upside
- Clear support zone: $0.009800-0.010000
Trade Setup:
▪️ Entry Zone: $0.0103-0.0104
▪️ Target: $0.012 (20% potential)
▪️ Stop Loss: Below ascending trendline ($0.0099)
▪️ Risk:Reward ratio approximately 1:3
Important Levels:
- Current Resistance: $0.011
- Key Support: $0.010
- Pattern Target: $0.012
Timeframe: 1H
Bias: Bullish with break confirmation
Pattern: Ascending Triangle Breakout
Note: Always use proper risk management and position sizing. This is technical analysis only. DYOR.
#QKC #Crypto #TechnicalAnalysis #Binance
Price Structure:
- QuarkChain currently showing a clear ascending triangle pattern
- Current price: $0.01036 (-1.57%)
- Trading timeframe: 1H chart
- Key price level identified at $0.012(potential 20% upside)
Pattern Analysis:
- Formation of an ascending triangle with:
• Horizontal resistance: $0.0122
• Rising support trendline (gray)
• Compression zone between $0.010 - 0.0105
Key Observations:
- Price has broken above the immediate resistance
- Volume showing signs of accumulation
- Target projection based on pattern height: 20.10% upside
- Clear support zone: $0.009800-0.010000
Trade Setup:
▪️ Entry Zone: $0.0103-0.0104
▪️ Target: $0.012 (20% potential)
▪️ Stop Loss: Below ascending trendline ($0.0099)
▪️ Risk:Reward ratio approximately 1:3
Important Levels:
- Current Resistance: $0.011
- Key Support: $0.010
- Pattern Target: $0.012
Timeframe: 1H
Bias: Bullish with break confirmation
Pattern: Ascending Triangle Breakout
Note: Always use proper risk management and position sizing. This is technical analysis only. DYOR.
#QKC #Crypto #TechnicalAnalysis #Binance
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