Long
BQX/BTC TA Update (End of Sell-off?)
BQX/BTC
After the massive sell-off on BQX, finally, it is starting to show up some signs of bulls present. The price suddenly shoots up over 70% a few days ago taking out the previous High at 400 sats area.
BQX is currently on a pullback to retest old resistance or daily EMAs to confirm the new area of dynamic support. If BQX can hold this price level for at least a week,
there is a high chance of breaking this descending channel to the upside. Bearish side, if the price closes below 250 sats, I can see further downward action is still possible.
After the massive sell-off on BQX, finally, it is starting to show up some signs of bulls present. The price suddenly shoots up over 70% a few days ago taking out the previous High at 400 sats area.
BQX is currently on a pullback to retest old resistance or daily EMAs to confirm the new area of dynamic support. If BQX can hold this price level for at least a week,
there is a high chance of breaking this descending channel to the upside. Bearish side, if the price closes below 250 sats, I can see further downward action is still possible.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.