BENQI (QI) – Bullish divergence
QI / TetherUS BINANCE:QIUSDT
** warning – low market cap $20m – small position sizes only **
On the above 3-day charts (USD pair left, BTC pair right) price action has corrected over 80% since late November. A number of reasons now exist to be bullish , including:
1) The ‘incredible buy’ signal prints on both USD and BTC pairs.
2) Regular bullish divergence with multiple oscillators and volume .
3) Price action resistance breakout.
Is it possible price action falls further? Sure.
Is it probable? Very unlikely.
1st target 25 cents
Good luck!
Ww
