Long
Qlink, QLC/BTC Break Out?!
Let's look at a smaller cap coin for a change.
Qlink, a decentralized mobile network, is dedicated to constructing an open-source telecom infrastructure on the blockchain. An interesting project but what about the chart? Well, let's take a look
Qlink, QLC/BTC chart looks just like the project itself interesting as well cause it has just broken out of a Cup & Handle pattern today and is now forming a bull flag. When breaking out of this bull flag, we can see QLC/BTC go higher again.
A thing to note though is that the indicators are a bit high so some consolidation could give some more healthy breathing room to go higher. But having said that, with good market condition and a bull market, this shouldn't be much of an issue. Be aware and cautious though.
If you want to swing trade this QLC/BTC, then here are some area's to look at.
Trade Instructions
Buy Area:
0.00002240 - 0.00002350
Or you can wait till the bull flag break is confirmed and then enter.
Profit Targets
1. 0.00002470
2. 0.00002575
3. 0.00002690
4. 0.00002818
Stop Loss:
0.00002195
Leave a comment if you have any questions.
Like the post, if you liked it and share it if you loved it! This is for good karma.
And until next time, good luck with your trading!
Qlink, a decentralized mobile network, is dedicated to constructing an open-source telecom infrastructure on the blockchain. An interesting project but what about the chart? Well, let's take a look
Qlink, QLC/BTC chart looks just like the project itself interesting as well cause it has just broken out of a Cup & Handle pattern today and is now forming a bull flag. When breaking out of this bull flag, we can see QLC/BTC go higher again.
A thing to note though is that the indicators are a bit high so some consolidation could give some more healthy breathing room to go higher. But having said that, with good market condition and a bull market, this shouldn't be much of an issue. Be aware and cautious though.
If you want to swing trade this QLC/BTC, then here are some area's to look at.
Trade Instructions
Buy Area:
0.00002240 - 0.00002350
Or you can wait till the bull flag break is confirmed and then enter.
Profit Targets
1. 0.00002470
2. 0.00002575
3. 0.00002690
4. 0.00002818
Stop Loss:
0.00002195
Leave a comment if you have any questions.
Like the post, if you liked it and share it if you loved it! This is for good karma.
And until next time, good luck with your trading!
Trade active
Sorry but the call was correct but the stop was too tight for a swing trade and coin like this. A better stop for this trade should be 0.00002095.
Next time won't make the same mistake again and hopefully you have seen the potential in this setup and traded anyways.
If so, good luck and enjoy the ride!
Trade active
2 targets reached and heading to target 3 again. Keep in mind that sInce this is a small(er) coin it's more volatile and choppy.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.