Qkcethsetup
A VERY LOVELY SETUP ON $QKC. Steady Growth!Quark Chain is a token of ERC-20, a successful ICO that was raise $20 mil and still giving almost 2.5x BTC 0.13% return at the current price. No doubt that their marketing play a part on this process. Basically that makes their stuff interesting, even releasing on bear market, first they're achieving their ICO target at 100% and then got listed on big exchanges like Binance and Gate. io with no problem just within weeks.
The team are quite strong, on how we see this that on how fast they deliver their product. Testnet has already rolled on the market and you can visit their website to see it.
Another additional consideration of course the chart. It has been a 2x from the it's recent low, now sitting at 660 sats which in mid-term play we're quite bullish on QKC with 65/35 percentage. Which means that this depend also on Bitcoin price movements. Overall we love the project and what the chart right now displaying a quite bullish .
But be careful as the RSI level already on it's peak, looking forward to cooling down a bit. Around 450 - 550 sats. With some few targets on green lines that we draw.
QKC - Ascending triangle and approaching potential breakout. $QKC is up 20% since entry.
1. Approaching long term descending resistance.
2. Ascending triangle (bullish) consolidating with higher lows towards 1169 (red line).
3. Wearing out the present supply zone.
Watching that line closely. Still holding 50% of position.
