Quarkchainbtc
QKCBTC a bullish reversal pattern at the supportHi friends hope you are well in welcome to the new update on QuarkChain token. This token has surged more than 250% just in 2 month. So in today's article we will try to understand how the QKC token completed the bullish setup and what it can do next.
Formation of pennant:
Almost a year ago in July 2019 I posted an article on tradingview where I revlealed that the price action of QKC is moving within a pennant. And soon it can breakout this penant. Therefore I design my sell targets accordingly. The price action moved with the support of the pennant and somehow below the support as well and finally left the pennant directionless and after moving sideways started a bullish move in Feb 2020.
A wedge movement:
I tried to catch this pattern bit early. But in fact, the price action behaved like a falling wedge instead of pennant. Now if we watch the live chart then the movement of the price action and the pattern is as below:
Down channel, long term bullish signal by directional movement and breakout:
Now if we switch to the daily chart in order to take a closer look on the sideways movement after when the price action left the wedge pattern. Then price it can be observed that the priceline was moving in a down channel since September 2019 up to 22 May 2020. In the meanwhile the price action has made several attempts to break out this channel.
But after 14 Feb 2020 the movement of the price action should be noticed. That the priceline did not move down at support. And it was moving continuously very close to the resistance of this down channel. And if we observe the directional movement indicator then after 8th Feb 2020 the positive direction indicator crossed up the negative directional indicator that is very powerful bullish signal. And we receive a bear cross between these two indicators only from 6th to 12th May 2020 for some time. And the positive directional indicator again crossed up on 14th May 2020. Finally the price action followed this bullish signal that was appeared after 8th Feb and broke out the resistance of this channel.
From support of the channel up to the highest price level this move is more than 250%.
Formation of an up channel:
Now after breaking out the previous down channel. The price action has started its movement within an up channel. The priceline is moving within this channel very well by hitting the resistance and support. At this time the price action of quarkchain has again reached at the support and there are chances that the price action may start a movement to the resistance from here. However we can expect unless this support of the channel will be not broken down the bullish rally will be continued.
A bullish reversal pattern at the support:
Now if we switch to the more small-time 12 hour time period chart then it can be seen that the price action has formed a bullish BAT pattern at the support of the channel. The appearance of a bullish reversal pattern at the support of the channel is very positive signal. All the legs of this pattern are driven perfectly as required for the bullish BAT move, there is only a little bit different from A to B leg retracement level that I have ignored. Now as per Fibonacci sequence the potential reversal zone and the Fibonacci projection area of this A to D leg is as below:
Potential reversal zone 0.00000070 to 0.00000067 sats
Fibonacci projection: 0.00000076 to 0.00000086 sats
So if we buy at the potential reversal zone and sell in the Fibonacci projection area then it can be up to 28% move. However if the priceline will cross up the 0.786 Fib projection of A to D leg that is the maximum extent of Fibonacci projection then the price action can start more powerful bullish rally
#QKC/BTC (June 21)QKC looks strong and we can expect new highs for QKC. QKC can fully increase to 120sts or even 180sts in this rally. And this is the main trend
If you want to join this party, you can wait to buy it at 70-75sts
Holding a coin that has risen too high also has a lot of risks, so you should always prepare a stop loss if it falls below 60sts.
Quarkchain – it is about to start the rally - 450% gain possibleHi Guys!
This is one of our favourite projects.
They have massive potential with one of the highest rates of throughput.
QKC can become of the global coin which will be used to process payments or even buy things on the internet.
This is super fast and super cheap .
Ok let’s look at the chart.
Here are the details:
• We observed a massive volume since a couple of days = accumulation has started .
• Weis Waves – the supply is evaporating and at the same time demand has shown
• WBM BUY/SELL - Positive convergence (with a price) on the sentiment and it is growing.
• Ichimoku Cloud - A new bar opens above KijunSen(blue) and Tenkansen(red).
This is a very good sign.
• The price obtained its ATL ( all-time low ) and is about to start the rally.
• The ATH was 0.00001434 which is nearly 450% gain from the current price
• Don’t expect to obtain 100% in a week . This coin grows steadily but it will give you a good profit.
• This trade can last even 3 months .
Buy it and hodl for 10 – 12 weeks.
It should give us a good result within this period of time.
Are you convinced?
Let us know in the comment section.
Thank you for reading.
Hit a like to support.
MASSIVE Hugs!
WBM Team
QuarkChain/Bitcoin (24 May) #QKC $QKC #BTC $BTC#BUY
QKC is moving in the Big Bullish Flag pattern and target is quite high at 600, on the top line of this bullish flag. However, 470 area is a very strong resistance zone and I recommend selling here first and waiting for the opportunity to buy back and sell at 600 zone
Current Price : 358
Buyzone : Buy close to 320-325 as possible
Sellzone : 375-470-600
Stoploss if price is lower than 300 and consider buying back around 250
QKC - SAFE PROFITBuy Price: Green Zone
TP: Blue Zone
Support: Orange Line
Resistance: Purple Line
SL: Red Zone (I don't recommend to sell in loss.)
Invest Suggestion: 30 Percent
Profit Expectations: 40%
This is a safe trade, and a easy one. QKC looking very promising!
QKC has a mainnet on 30th and we have a reverse tendency happening on it!
See me previous analysis and how profitable the are!!!
Sell when you get some profit, according the way you trade.
Keep following us and please like this idea.
Any doubts? Send in the comments or in our telegram or Inbox here.
Thanks for visiting.
(100%PP) Mid/Long term analysis on QuarkChain "QKCBTC" What's going on everyone!?! Make sure to Like and Follow to receive daily analysis on your favorite altcoins!!!
Thanks, LiquidMEX
DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
QKC MAINNET LAUNCH- MOONSHOOOT soon!
QKCBTC at 3D timeframe now is situated into a triangle and at inside of this you can see a great BULLFLAG
Macd just crossed and the momentum now is going slowly to neutral zone(first) and after probably will go into bullish zone.The reason is simple,MAINNET LAUNCH in 30 april
Stochastic RSI bullcross and still going up same with RSI. Now we have a big big resistance at 950-960 sats because there was a huge 200MA resistance at 3D timeframe,when we will break it we will fly really hard.
Targets: 940 sats,1000 sats,1137,1300-1488-1688-2122 (i will close my trade at 1300-1488-1688) . This are the resistance lines.
HIT hard the like button for more analysis!
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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QuarkChain (QKCBTC) BULLISH SIGNAL HUGE 60% POTENTIALQKCBTC 682 SAT (BINANCE) CURRENTLY 4% UP
RSI 40
MFI GREEN SIGNAL - OVERSOLD
MACD OVERSOLD BUYING WILL START
TARGETS 800 - 922 - 1119 (week time) - 30-60% profit in 7-14 days.
STRICT STOP LOSS FOR DAY TRADING OR 2-3 DAYS: 600
LOOSE STOP LOSS FOR ST & LT: 530
NEWS
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RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Open4profit will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
Steady growth on $QKC. Is It Good for Mid-Term?Quark Chain is a token of ERC-20, a successful ICO that was raise $20 mil and still giving almost 2.5x BTC 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.