Long
Ascending triangle breakout + Cup & Handle! 100% upside at least
QLC appears to be partial to moving in cup and handles, breaking nicely to upside each time. In this case, we see the bullish Ascending Triangle form inside the Handle.
This is the 4hr chart. A close above the 2600sat resistance will confirm cup and handle breakout and is super bullish. We can watch for ico reversal from here. I'm watching for a run similar to OMG, WAN, or ONT. ico reversal is typical of high volume ico coins fresh on exchange after being oversold.
I'll hold on the way up and add to position when RSI & resistance levels cleared.
(Not a financial advisor.. but who is in cryptoland?)
This is the 4hr chart. A close above the 2600sat resistance will confirm cup and handle breakout and is super bullish. We can watch for ico reversal from here. I'm watching for a run similar to OMG, WAN, or ONT. ico reversal is typical of high volume ico coins fresh on exchange after being oversold.
I'll hold on the way up and add to position when RSI & resistance levels cleared.
(Not a financial advisor.. but who is in cryptoland?)
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.