đ $$QI chart â what is happening
The most important point is that this is a very sharp breakout, not a normal gradual uptrend.
From the daily data:
Sep 17: ~$0.001243
Sep 18: ~$0.001325
Sep 19: ~$0.001395
Sep 20: ~$0.001409
Sep 21: ~$0.001444
Sep 22: ~$0.001503
Sep 23: ~$0.001454
Sep 24: ~$0.001542
Sep 25: high ~$0.003400, close ~$0.003360 ïżœ
ChartExchange
So QI essentially doubled in one day.
đ„ Volume is the biggest signal
Sep 24 volume was about 153 million QI, while Sep 25 volume jumped to about 2.28 billion QI â roughly 15Ă higher. ïżœ
ChartExchange
That confirms the move had exceptionally high trading activity, but it also means volatility is extremely high.
Key levels I'd watch
Based on the recent high/low structure:
Level
Approx. price
Meaning
đŽ Resistance
$0.00340â0.00346
Recent spike/high area
đ Resistance
$0.00360â0.00380
Above the current spike
đą Support
$0.00295â0.00300
First major retracement area
đą Support
$0.00265â0.00270
Deeper pullback
đą Support
$0.00243â0.00246
50% retracement area
đ” Major support
$0.00220â0.00225
61.8% retracement
đ” Previous structure
~$0.00180â0.00185
Important older breakout area
These are technical levels derived from the recent price range, not guaranteed future prices.
đ Daily technical picture
An independent daily technical calculation on Sep 24 showed:
RSI(14): 63.4 â not yet in extreme overbought territory at that snapshot.
Stochastic: 90.24 â showing an overbought condition.
ADX: 39.16 â strong trend strength.
SMA/EMA 10â100 were generally below price and classified as bullish.
EMA 200 was still above the then-current price. ïżœ
CoinLore
The important caveat is that those indicators were calculated before the massive Sep 25 move, so I wouldn't treat the RSI/Stochastic numbers as today's exact readings.
My reading of the chart
Trend: đą Strong bullish momentum
Momentum: đą Very strong
Volume: đą Extremely strong
Volatility: đŽ Extremely high
Chasing the candle: đŽ High risk
The key thing now is whether QI can hold above the breakout area after the huge pump. A move back toward ~$0.0030 wouldn't automatically mean the trend is broken; it would be a substantial retracement after an unusually large move.
If it loses ~$0.00265â0.00270 with strong selling, the chart becomes considerably weaker. Conversely, sustained trading above $0.00340â0.00346 would put the recent high under pressure.
One important warning: QI's market cap is only around $24M according to Binance's current data, so a relatively small amount of capital can produce very large percentage moves compared with large-cap coins. ïżœ
Binance
If you're thinking of buying QI right now, tell me roughly how much you want to invest (e.g. $50, $100, $500) and I can map out the entry zones + stop-loss + 3 possible take-profit levels based on this chart, without assuming that any outcome is guaranteed.
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