Panjang
Qwark Trend Reversal
Qwark has lost over 70% to the USD since the beginning of the May. Price has declined from $0.15, down to $0.04 where it finally seem to have found the support.
The support is confirmed by two descending channels, while QWARK/USD rejected both of them at the same time, bouncing off the lower trend-lines.
From this point onward, looks like Qwark could be starting to move higher, and either produce a corrective wave down or even completely reverse the trend. Price could reach the upper trendline of the descending channel or go higher towards $0.16 or $0.18 resistance areas.
At the same time, daily break and close below the $0.04 support should invalidate bullish outlook where the downtrend will continue.
The support is confirmed by two descending channels, while QWARK/USD rejected both of them at the same time, bouncing off the lower trend-lines.
From this point onward, looks like Qwark could be starting to move higher, and either produce a corrective wave down or even completely reverse the trend. Price could reach the upper trendline of the descending channel or go higher towards $0.16 or $0.18 resistance areas.
At the same time, daily break and close below the $0.04 support should invalidate bullish outlook where the downtrend will continue.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.