QIUSDT trade ideas
QIUSDT Analysis after Strong Breakout QI/USDT recently broke out of its month-long range, with strong volume. QI is now sitting at a bull flag and a new trendline in the 1H, that can strengthen the new uptrend. RSI is not looking ideal, as there is a bearish divergence, but it is not confirmed yet. 9-EMA is bullish.
QI can continue rising higher if it breaks 0.218(green line in chart).
After the breakout, a good short-term target would be 0.300, as it is a "milestone" number. A good stop loss would be at the bottom of the bull flag or the trendline.
Do note though, that we are in a bear market. This may decrease the profitability and movement of this cryptocurrency. Keep an eye on the price and RSI for the bearish divergence.
Do your own analysis first before trading, and have a good day.
BENQI USDT"BENQI is a decentralized non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow in an over-collateralized manner." coingecko
Circulating Supply: 325,692,000.00 QI
Max Supply: 7,200,000,000
Total Supply: 7,200,000,000
Price drop maybe less, 0.035 $ usd. Short possible 0.10 $ usd. Long term target sell 1 $ usd.
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This is not financial advice!
Please do your analysis and consider investing!
It's my idea, thank you for the comments.
QI/USDT Looking to move up to ResistanceQI has been range bound since Jan 2022 between $.04 and $.08 and tested support for the 5th time now and may rise to retest strong resistance at $.08. Price has hit resistance 5 times and failed and also hit support 5 times and bounced. The last support test was 2 days ago and now is trying to move higher. The oscillator started to increase rapidly on March 15th and crossed above the zero line and then price has come back down. Now the oscillator is curving back to the upside and if price can hold here then rise above the 20 DMA then there is a chance price can retest the $.08 resistance. If you would like to learn more about our Proprietary Oscillator please DM me. Thanks and as always Good Luck Trading!
BENQI (QI) - Bullish divergence** warning - low market cap $20m - small position sizes only **
On the above 3-day charts (USD pair left, BTC pair right) price action has corrected over 80% since late November. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal prints on both USD and BTC pairs.
2) Regular bullish divergence with multiple oscillators and volume.
3) Price action resistance breakout.
Is it possible price action falls further? Sure.
Is it probable? Very unlikely.
1st target 25 cents
Good luck!
Ww
