During this Bitcoin dump, Nouvive and Nouvive Intelligence constantly hunt for coins that are outperforming market expectations. QKC or QuarkChain is one of them.
What do the Chart show?
Bullish
Following, its 20% increase, before 7% cooling off period, QKC has been cooling off on the 0.382 Fibonacci line. An area known as historically a cooling off period, before a pump.
Accumulation since the November 22nd has been strong, despite during the same period of time Bitcoin decreasing in value.
Volume over the same period of time has been consistently strong, with volume decreasing - illustrating we may have a large volatile move soon.
15/55/90 MA will cross-over during the next 24 hours - this could see a volatile move.
Bearish
Trendline at 1024 Sats is usually an area of a reversal or a bounce.
Nouvive Says: We would enter a trade at 1060 Sats, with a further dollar cost averaging at 1024 with a stop loss at 9050 and a take profit 1 at 1214 and take profit 2 at 1500 Sats.