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Benqiusdt

QI broke out and try to confirm resistance as support#QI/USDT $QI broke out descending resistance then pumped and broke resistance zone that now try to confirm it as support. if price stay above current support zone, it will head up to resistance zone between $0.188 and $0.2, break this zone will increase price toward next resistance that is the same with parallel descending trend line. If price break down current support it will drop to next support around $0.15 to touch descending line, and then another rise.
by parissap
QI (BENQI) trendline breakout soonthe red line is 100sma, still not enough history for 200 to be seen if this big trendline is broken and retested, could have a nice upside move in the mid-term if the market does well. SRSI is on the roof, and could see some pullback before going up... ideally would be if breakout and then cools off while retesting it... the first big test for QI would be that 100sma level, which could be TP level, or just a small hurdle before going more up...
by PhilosophersStone
QI under big resistanceBENQI is under a big resistance zone right now, it acted as support multiple times and high resistance COULD be expected. Broke out from this descending trend line formed 8 days ago, and that is a good sign. Looks like death cross on SRSI and MACD have a chance to print it also. According to indicators it could turn back down and retest of that trend line or support level at 0.0857. If that level is lost, more downside could be expected and we could open a SHORT trade. In the market getting in FOMO right now, I would keep an eye on it or set alarms, it has a chance to shoot up before that full retest... Good luck traders
by PhilosophersStone
Benqi (QI) Avax Defi Gem Potential +15xBenqi (QI) Avax Defi Gem with a potential +15x from the current price. What is Benqi? BENQI is a peer-to-peer (P2P) lending protocol that is slowly emerging as a leader in the Avalanche (AVAX) DeFi ecosystem, further to this, Benqi also has a goal to build primitives developing a Defi platform on a subnet. Benqi already has $2bn in total locked value with a low market cap of $63,110,178. Built on Avalanche’s highly scalable network, BENQI’s vision of bridging decentralized finance (DeFi) and institutional networks starts by launching BENQI on the Avalanche C-Chain. It’s important to get into these projects when there is no media attention or hype as you can simply maximise your gains before word starts catching on. The project was launched in the 19th august, there is great potential here for 15x plus in gains, sniper entry at or just above the 23.60% fibs ($0.09-$0.15).
Long
by CryptocurrencyMagnet
10
Qi/USDT Farm token getting wrekt 4Hour time frameQI token can be bought on Kucoin and farmed on Benqi on the avax chain. This token has been dropping like fire in this bull market and unable to keep up with the price appreciation. Most likely this token is being sold as soon as it gets into the hands of the people because of its lack of utility. As you can tell, most likely this will have a hard time recovering back to normal price levels. One of the reasons why I left Avax chain because of high transaction fees, sloppy UI on other platforms, and user adoption. Polygon, Terra, and Solana has more options, though Solana does not have a well known DeFi. Polygon and Terra rules the DeFi space. More money to be made elsewhere especially with all the money being raised for liquidity incentives.
by WiThConFi