QUICKUSDT → Pending a false breakout of resistance

11 Mar

QUICKUSDT is forming counter-trend movement to the resistance of the range - 0.02957. A false breakdown of the key level is formed against the background of the downtrend



The cryptocurrency market is experiencing bad times. While bitcoin is testing new lows - 76K, altcoins are cutting through to find another bottom.
QUICK stands out in this picture, testing a strong resistance (liquidity) zone 0.02845 - 0.02957 and forming a false breakout.
BUT! in the morning session bitcoin strengthens after a strong fall and can pull the whole market up with it. Thus, before the further fall another attempt to retest 0.02953 or update the tail of the false breakout at 0.03000 (0.7fibo) is possible.

Resistance levels: 0.0285, 0.02953, 0.0300.
Support levels: 0.0243, 0.02118

If the next resistance retest ends in a false breakdown and price consolidation under 0.02957, QUICK coin may continue its decline in the short and medium term.

Regards R. Linda!

13 Mar

İşlem aktif

After an attempt to update the high, the price forms a false breakdown due to the lack of potential to continue growing.