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QLC Chain (QLCBTC) Altcoin Project Overview & Chart Analysis

By AlanSantana
Updated
QLC Chain (QLC) Overview

QLC Chain is the next-generation public chain for Network-as-a-Service (NaaS). It is the multi-dimensional block-lattice structured ledger with embedded telecom service capabilities.

QLC is the protocol token on the QLC Chain. By holding and staking QLC, people can access a variety of rights, including issue tokens for the communication services, receive Q-Gas, and more.

The fuel token in this economy Q-Gas is the fuel token on Go-QLC. QLC holder can benefit from Q-Gas requirement when communication service provider deploys its service on Go-QLC such as massive A2P SMS globally billing and clearance.

Consensus Nodes
QLC Chain utilizes a dual consensus protocol: Delegated Proof of Stake (DPoS) and Shannon (Proof of Vote) Consensus, which, together with the Multidimensional Block Lattice architecture, form an innovative solution aimed at securing the public ledger in an efficient way.


QLC Chain (QLCBTC) Chart Analysis

QLC Chain long-term chart daily (1D) time frame: snapshot

  • We start by looking at QLC Chain long-term chart and spot our main signals...
  • Let's start with the classic falling wedge, far right of the chart marked with dotted red lines. This is a bullish pattern and when it plays out it can lead to gains as high as the last peak, which is marked with a thin purple line on the chart above.
  • We have another classic which is the bullish divergence on the MACD. This is when prices are moving lower while the indicator line is moving higher. This divergence has been building up since July 2018 (this is a really long time, especially when it comes to cryptocurrency where everything moves fast).
  • We can also see volume decreasing after March and reaching its lowest as it gets closer to this date. Signaling that the bears are losing momentum and that there is a potential upcoming change of trend.
  • The RSI hit oversold and its lowest ever. It is also gaining great momentum to the upside. Chart: snapshot


Now let's look at the chart a bit closer: snapshot
  • Here you can see the broken falling wedge with QLCBTC now trading above EMA10.
  • We can see the green volume bars getting bigger, while red volume bars are getting smaller.
  • The TD Sequential is also showing a positive count.
  • While the MACD is showing a bullish crossover (MACD line {blue} crossing up the Signal line {orange}).
  • The above are all bullish signals.
  • To remain open to all scenarios I would like to point out that the charts are always changing. Each candlestick you see on this chart represents a period of 1 day (24 hours). So just as this bullish signals showed up, they can be invalidated. In the above case, a break below EMA10 can invalidate most of the above signals, that's why we always use a stop-loss when we trade.


This is it for the analysis...

I hope you enjoyed this content.

Namaste.
Note
EXPRESSION FOR GROWTH

Expressing yourself is a great way to promote growth.

There are many means of self-expression.

Writing, dancing, singing, sharing, acting, working, meditating, being, contemplating...

Some forms of expression are considered to be good by some.

While other forms of expression are considered to be wrong.

It all depends on the way you were raised, your culture, your finances, and many other factors that affect the modern human Soul.

It doesn't matter if your desired way of expression is labeled by people right or wrong.

Just follow your true feelings and do whatever it is that really makes your heart grow.

Namaste.
Note
Targets:

(1) 0.00000197 -Reached 15-Sept. (+25%)

We hit our first target today.
More to come.
Note
Targets:

(1) 0.00000197 -Reached 15-Sept. (+25%)
(2) 0.00000251 -Reached 19-Sept. (+60%)
(*) 0.00000277 -Reached 19-Sept. (+76%)
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