THELOGICALINDIAN - The bazaar is even with new QKC tokens
Fundamental Analysis
QuarkChain continues to move downwards. In the contempo community vote a accommodation was fabricated to alleviate all the delayed tokens at once. This increases the circulating accumulation of QKC and may abet a sell-off. There accept additionally been several ample QKC transactions to Binance, advertence that ample players may be accepting accessible to sell.
QuarkChain / USD Short-term amount analysis
QuarkChain has a bearish concise outlook, with the cryptocurrency ability a able bottomward changeabout on the four-hour time frame.
The four-hour time anatomy shows that a bearish arch and amateur arrangement has now formed, with the QKC / USD brace falling appear neckline support.
Technical indicators on the four-hour time anatomy accept angry bearish and are alms a able advertise signal.
Pattern Watch
Traders should agenda that the downside bump of the bearish arrangement on four-hour time anatomy will booty the QKC / USD brace to a new best amount low.
Relative Strength Index
The RSI indicator is still bearish on the four-hour time anatomy and continues to about-face lower as affairs burden builds.
MACD Indicator
The MACD indicator is bearish on the four-hour time anatomy and continues to accomplish a able advertise signal.
QuarkChain / USD Medium-term amount analysis
QuarkChain has a bearish medium-term outlook, with the QKC / USD brace continuing to column bearish lower highs on the circadian time frame.
The circadian time anatomy is assuming that a alternation of bearish arch and amateur patterns accept now formed, with the QKC / USD brace trading appear analytical neckline support.
Technical indicators on the circadian anatomy are bearish and abide to accomplish a advertise signal.
Pattern Watch
Traders should agenda that a above bearish breakdown could action in the QKC / USD brace if the cryptocurrency breaches its best amount low.
Relative Strength Index
The RSI indicator has angry bearish on the circadian time anatomy and shows ambit for added downside.
MACD Indicator
The MACD indicator is now starting to affair a advertise arresting on the circadian time frame.
Conclusion
QuarkChain is beneath cogent downside burden beyond both time horizons, with the cryptocurrency abutting analytical abutment on the four-hour and circadian time frames.
If bears auspiciously aperture the QKC / USD pair’s best trading low a abstruse accident could ensue.
Find out what QuarkChain is all about in our bread guide.
