QQQ day by day bearish engulfing on Aug 1st. Where is the underside? for NASDAQ:QQQ by traderxchart

Uncover insights within the Bitcoin house. This article dives into: “QQQ daily bearish engulfing on Aug 1st. Where is the bottom? for NASDAQ:QQQ by traderxchart”.

QQQ day by day bearish engulfing on Aug 1st. Where is the underside?

Invesco QQQ Trust, Series 1 BATS:QQQ

traderxchart

Top or non permanent high sign noticed on August 1st tariff deadline marked by day by day and weekly bearish engulfing candle on indexes.

Where is the underside? Bullish reversal sign not but noticed so listed below are potential eventualities as of now.

Scenario 1: Bull market nonetheless in play and reversal will occurs to make the next month-to-month low. Watch for a closed reversal candle.

Scenario 2: Monthly decrease will probably be set. It’s anybody guess the place the temp backside will occur. Here are potential backside goal to observe:
2.1: Last yr’s excessive
2.2: QQQ 536-532 hole
2.3: Daily RSI 30
2.4: Daily RSI bullish divergence

Conclusion, set your alert ranges and keep bearish until we see a closed reversal candle.

You Might Also Like

Explore knowledgeable insights within the Crypto house. This article explains: “QQQ daily bearish engulfing on Aug 1st. Where is the bottom? for NASDAQ:QQQ by traderxchart”.

• Crypto News – Stay up to date with the most recent international crypto headlines, breaking tales, and regulatory updates.
• Market & Price Analysis – In-depth insights, technical breakdowns, and worth actions of main cryptocurrencies.
• DeFi & Web3 – Explore improvements in decentralized finance, smart contracts, and the evolution of the Web3 web.
• Exchanges & Listings – Discover new coin listings, change updates, and token launch bulletins.
• Events & Trends – Follow international blockchain occasions, crypto conferences, and rising tendencies shaping the trade.

Cross-Site Crypto Insights

• Explore BlockTrend for knowledgeable takes on blockchain tendencies & developments
• Visit CryptoCoil for dwell market information, altcoin insights & sentiment monitoring
• Check i-News for recent international crypto headlines & breaking tales
• Claim & earn with trusted drops on i-Coin — your faucet & incomes hub
• Learn crypto the good method on i-VIP — sensible tutorials, guides & suggestions for newcomers
• Discover curated crypto insights on SFBNEWS — automated crypto updates & knowledgeable curation

[ad_3]

Content Reference

This article is customized from www.tradingview.com. We’ve restructured and rewritten the content material for a broader viewers with improved readability and search engine marketing formatting.

Stay Updated with CryptoON

Explore CryptoON for trending blockchain information & tutorials.