QKC/USDT - Ascending Triangle Breakout with 20% Target

29 déc. 2024

TECHNICAL ANALYSIS: 📈

Price Structure:
- QuarkChain currently showing a clear ascending triangle pattern
- Current price: $0.01036 (-1.57%)
- Trading timeframe: 1H chart
- Key price level identified at $0.012(potential 20% upside)

Pattern Analysis:
- Formation of an ascending triangle with:
• Horizontal resistance: $0.0122
• Rising support trendline (gray)
• Compression zone between $0.010 - 0.0105

Key Observations:
- Price has broken above the immediate resistance
- Volume showing signs of accumulation
- Target projection based on pattern height: 20.10% upside
- Clear support zone: $0.009800-0.010000

Trade Setup:
▪️ Entry Zone: $0.0103-0.0104
▪️ Target: $0.012 (20% potential)
▪️ Stop Loss: Below ascending trendline ($0.0099)
▪️ Risk:Reward ratio approximately 1:3

Important Levels:
- Current Resistance: $0.011
- Key Support: $0.010
- Pattern Target: $0.012

Timeframe: 1H
Bias: Bullish with break confirmation
Pattern: Ascending Triangle Breakout

Note: Always use proper risk management and position sizing. This is technical analysis only. DYOR.

#QKC #Crypto #TechnicalAnalysis #Binance

10 janv.

Trade fermée: cible de profit atteinte

DOOOONE MORE THEN 20% in one week

bravo