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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