Qkccrypto
QKC Important Move Ahead!I am going to explain key points below and after that you can easily decide the trend.
1. Monthly Resistance was rejected on 1st test at 111 sats. 1st test is 90 % of the time gets rejected and the same thing happened here.
2. Candles also got rejected at T2, Which was a trend line resistance. Upper Trend Line has been tested 5 times. Observe closely. I have mentioned the numbers above. 1 to 5. But it was 5th time on the trend line resistance not the Horizontal resistance. Test on Horizontal resistance was the 1st attempt that is why it was rejected. You see where i am heading towards! ( When Horizontal level and Diagonal level which is Trend line level is tested multiple times then it becomes weak. Here in this case, monthly level was tested 1 time but trend line was tested 5 the time so it pulled back.
Monthly Resistance Test = 1st Attempt (Rejection 90% of times)
Trend Line Resistance Test = 5th Attempt (Rejection due to 1st attempt of monthly test)
3. When it pulled back from monthly level it have to test the support level, which in this case is a zone between two daily levels from 96-89. Support 1 at 96, Support 2 at 89. As candle wicked past 96 and touched at 89, it came back to trend line support at 96 as well as daily support at 96.
Daily Support= 96 sats
Trend Line Support = 96 sats
4. Wait for new daily candle to form above daily level at 96 sats. If the candle forms above 96 sats, then it is going to test the monthly level at 111 sats again. But for that to happen, there must be an increase in volume, which is not happening right now, as well as MACD is showing downward movement. But wait for the new candle.
5. If new candle forme below 96 sats, then it is going to test the 89 support and may bounce back again. And we might see some consolidation until a large volume builds up and we test the monthly level.
Right now, The move looks bearish.
For Bullish = Increase in Volume, Rejection from 96 sat level >> Then it will be bullish.
QKC has hit the support | Upto 622% profit expectedOn week chart the priceline has touched the pennant's support.
The MACD has given week bullish.
RSI is already in oversold zone.
The volume profile's visible range is giving clear indication that the trader's interest is very low at this area which will help the price action to take bullish divergence soon from here insha Allah.
Sell targets are:
1st target: 0.0000064
2nd target: 0.00000794
3rd target: 0.00000944
Final target: 0.00001156
Regards,
Atif Akbar (moon333)
QKC (Quarkchain) Towards ATL...!!QKC (Quarkchain)
Technicals
Towards Final Support Area..
All indicators Indicating Oversold & Good For Midterm Buy..
Big Gain Potential In Midterm
Buying Zone 350-380 Sats
Sell Targets For Midterm Are 610-760 Sats
Stop Loss Below Strong Support
Hold TimeFrame Till Mid June Or End June..
Introduction..!!
The QuarkChain Network is an innovative permissionless blockchain architecture that aims to meet global commercial standards. It provides a secure, decentralized, and scalable blockchain solution to deliver 100,000+ on-chain TPS. The main features of the QuarkChain Network are:
- Reshardable two-layered blockchain: the QuarkChain Network consists of two layers of blockchains. Elastic sharding blockchains (shards) are applied as the first layer, and a root blockchain as the second layer that confirms the blocks from the first layer. The first layer is flexible to be resharded as needed without changing the root layer.
- Guaranteed security by market-driven collaborative mining: To ensure the security of all transactions, a game-theoretic framework is designed for incentives, where at least 50% of overall hash powers are allocated to the root chain to prevent double-spend attacks on any transactions.
- Anti-centralized horizontal scalability: In any blockchain network with a high TPS, a super-full node can be extremely expensive, which encourages centralization. In contrast, the QuarkChain Network allows multiple cheap nodes to form a cluster that has the ability to replace a super-full node.
- Efficient cross-shard transactions: Cross-shard transactions in the QuarkChain Network can be issued at any time, and confirmed in minutes. The speed of cross-shard transactions increases linearly as the number of shards increases.
- Simple account management: There is only one account needed for the entire blockchains (shards) in the QuarkChain Network. All cryptocurrencies from different shards are stored in one smart wallet.
- Turing-complete smart contract platform: the QuarkChain Network supports Turing-complete smart contracts and has adopted the Ethereum Virtual Machine (EVM) to allow for easy migration of existing EVM decentralized Apps onto the platform of the QuarkChain Network.
We Make Fortune With $QKC Last Trade, Now What?You can confirm the chart here as I closed my position at this level:
By the RSI at the moment on the daily time frame looks quite juicy. It touched the lower level. Even so, I'm still not convinced, is this will turns out as a rally or just a dead cat bounce. I will add at a confirmation level if we close on daily candle above 732 sats. I add support level at 652 - 600 range as my stop-loss range and looking forward for more downward.
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