Thanks a lot for calling this chart to my attention and for your request. It will be my pleasure to do this analysis for you.
I think QUBIC is a very interesting project based on the chart. The action has some variations compared to other altcoins which is always great.
The black line you see is the main support. The action that moved below this line is a clear breakdown and market bottom. Once QUBICUSDT trades back above it, as it is doing now, the bullish bias is fully confirmed.
We have more than 300% growth since the mid-March low which is huge and stronger than many pairs. We have no new lows after March and the low happened in March, early, compared to many projects that bottomed in April and June and even July. Hitting bottom early is a signal of strength.
Finally, notice the really high volume the last three weeks that closed. This reveals that this pair is likely to have a massive bull run next. Expect additional growth.
The high volume either signals the start of the first wave of the bullish cycle or the unraveling of the third. In both cases additional growth is to be expected, hold strong.
Thank you for reading.
Namaste.
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