Quarkchain (QKC) Technical Analysis Mid-Term Targets
Bitcoinik trading team come up with a new technical analysis (TA) of Quarkchain (QKC) token. Quarkchain has a rank of 120 on coinmarketcap among 2100+ cryptocurrencies. Quarkchain is now trading at $0.033 and has a market cap of $31 million.
The QKC/BTC chart follows an Elliott wave pattern. The prediction is based on the theory of Elliott waves. The next movements are shown by the waves. More likely QKC will follow the pattern and go with the plotted pattern.
Traders looking for entry will place their orders around 800-825 sats. This is a good support zone and traders will accumulate in parts. The immediate target is wave 3 that is 1070-1120. Traders can sell some of their bags there and wait for wave 4.
This is a mid-term price predication. We will see a nice movement in next couple of weeks. A stop-loss is must because market is volatile and Bitcoin can spoil the party anytime.
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Here is another technical analysis of Ethereum. Ethereum is showing good symmetrical triangle good opportunity to long. Bittrex is launching it’s first Initial Exchange Offering (IEO).
