QI / TetherUS
Long
Updated

BENQI (QI) - Bullish divergence

772
** 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
Trade active

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.