We have less than 48 hours left on the weekly session and QuarkChain is currently signaling a bottom candlestick pattern, the DragonFly Doji.
This pair hasn't done much in a million years but just a small bounce in 2021 amounted to 600%+ growth.
After going sideways for more than four years, what happens now is hard to tell because it has never been seen before. We can experience something similar to 2021 or a super-cycle as we saw with many of the Cryptocurrency projects in the early days.
Seeing some pairs that grew by 500%, 1,000% and some even 2,000%, 3,000% and more in the recovery year, 2023; this year with institutional adoption and large amounts of traditional finance turning to Crypto can change the game forever... We will have to wait and see.
➖ If the week closes above 20 we have a DragonFly Doji and reversal signal. ➖ If there is follow up the next week, we get confirmation of the previous signal and a long-term higher low. ➖ There can be one final drop before the jump... Or it can proceed to move ahead right away. Allow for some variation because right now there thousands and thousands of trading pairs. Some move first, the others later down the road and so on.
I think 8-10X is easily do-able... When the action starts. To be honest, I think it can do much more but we will have to wait and see.
But we know for sure that massive growth is the norm so I wouldn't be surprised if this pair too, QKCBTC produces a market bull-run in 2024.
Namaste.
הערה
QuarkChain is now in a great position to produce great gains. This is just a friendly reminder.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.