Nice orderblock at 0.105ish on BenqiIn my opinion bitcoin looks so bullish right now that if you land this orderblock id leave it as a position trade. Not financial advice. Bullish chart imo, looks like a long term accumulation cycle forming.
QIUSDT trade ideas
QI under big resistanceBENQI is under a big resistance zone right now, it acted as support multiple times and high resistance COULD be expected. Broke out from this descending trend line formed 8 days ago, and that is a good sign. Looks like death cross on SRSI and MACD have a chance to print it also. According to indicators it could turn back down and retest of that trend line or support level at 0.0857. If that level is lost, more downside could be expected and we could open a SHORT trade. In the market getting in FOMO right now, I would keep an eye on it or set alarms, it has a chance to shoot up before that full retest... Good luck traders
Don't miss BENQI (QI)QI with $1.26b TVL is really under value in Avalanche ecosystem.
It's one of the best token for holders with 2x 3x target according to the market cap and TVL.
#Hold QI
QI triangle in triangleSymmetrical triangle inside of the big ascending triangle,
on 1hr bullish indicators,
The safest is to wait for a breakout of the big one,
if entering on breakout of smaller, be prepared to take profit on possible rejection from resistance level,
we could see one more retest of support trendline or support red level before the possible breakout, retesting red support level would mean that we broke down from this ascending trendline and would be a risky entry because we could see a deeper drop down if that support is lost.
(if BTC don't dump)
Benqi (QI) Avax Defi Gem Potential +15xBenqi (QI) Avax Defi Gem with a potential +15x from the current price. What is Benqi? BENQI is a peer-to-peer (P2P) lending protocol that is slowly emerging as a leader in the Avalanche (AVAX) DeFi ecosystem, further to this, Benqi also has a goal to build primitives developing a Defi platform on a subnet. Benqi already has $2bn in total locked value with a low market cap of $63,110,178. Built on Avalanche’s highly scalable network, BENQI’s vision of bridging decentralized finance (DeFi) and institutional networks starts by launching BENQI on the Avalanche C-Chain. It’s important to get into these projects when there is no media attention or hype as you can simply maximise your gains before word starts catching on.
The project was launched in the 19th august, there is great potential here for 15x plus in gains, sniper entry at or just above the 23.60% fibs ($0.09-$0.15).
two possible scenario's for a possible uptrendTwo possibilities could be taken into consideration:
1. It breaks out of the main diagonal trendline and then above 0.167 it retests and grows further
2. It develops into a rounded bottom pattern and a possibility for a cup&handle.
It seems that the 0.167 is in both cases an important S/R point to watch out for.
This is pure speculative. DYOR/NFA
Qiu longQiu its on move to its strong support zone and under its strong trend line so its can be good point to it
Qi: This is going to be massive, eventuallyQi is aiming to be, to the Avalanche blockchain, what AAVE is to the Ethereum chain.
So, teaming up with AVAX, with a large rewards incentive program for staking Qi and AVAX together on Benqi, one can earn additional Qi.
Or just buy it and hold until it doubles and sell half. Either way a buy here is a win, if it holds. Not investment advice.
Trade safely
Consider that we are at wave two and 3 is about to begin, (Not shown).
Qi/USDT Farm token getting wrekt 4Hour time frameQI token can be bought on Kucoin and farmed on Benqi on the avax chain. This token has been dropping like fire in this bull market and unable to keep up with the price appreciation. Most likely this token is being sold as soon as it gets into the hands of the people because of its lack of utility. As you can tell, most likely this will have a hard time recovering back to normal price levels. One of the reasons why I left Avax chain because of high transaction fees, sloppy UI on other platforms, and user adoption. Polygon, Terra, and Solana has more options, though Solana does not have a well known DeFi. Polygon and Terra rules the DeFi space. More money to be made elsewhere especially with all the money being raised for liquidity incentives.
QI Round 2Did really well on that inital QI pump and now looking for a second leg up. Hard to say this is the bottom or not as the project is new and bottoms can be hard to find on that first drop, but at the very least this looks like a decent R:R area for a bounce.
BenqiIt is new and has a good potential for jump.you can buy it and hold it for short term and long term.
QIUSDTpossible targets are shown by Fibonacci levels for QIUSDT. we do not have enough history to show the resistances and supports so Fibo could be a good choice.
QiUSDT long. Still early thoughStill early for comprehensive TA but I noticed this is respecting key fib levels.
Taking this into consideration, combining the fibs with the early TA we get levels to watch. If .25c holds:
.25c support, .30c resistance, .40c resistance,
Fib targets : .65c next target. Followed by T2 $1.00 and T3 $1.50
If support breaks .18 and .10 are key support levels.
AVAX ECOSYSTEM Not end, just start $QI is the best defi product on avax ecosystem. Dont miss this train.
BENQI - ShillI am bullish on the AVAX ecosystem. BENQI is a liquidity market protocol.
Over 1 billion in TVL
Thanks
How high can it go? I don't gonna short this, but when you're searching for an entry, you have to wait for a correction of around 70%
QI waiting for Retest, then MOOOOOOOOOOOOOOOOONQI flying to Moon might not be possible
But it is necessary.
QI : Avalanche GemSo I'm just going to post this here so I can push the play button on this chart in a few months. No need for any technicals on a token that's hours old. Bullish though as they have strong backing and could develop into the Aave of the avalanche ecosystem.
