Hi friends hope you are well, and welcome to the new update on QLC.
On a weekly time frame, QLC has formed a very wide down channel and there is another down channel formation within the bigger aforementioned channel. Recently, QLC has started a bit move of more than 1400% (from the low to high of the rally) and broke out the smaller channel on this weekly chart.
On a daily time frame, QLC has broken out an up channel as well. Now there is a key resistance of $0.025, if QLC will be able to break this resistance out then another big rally is possible.
For a detailed analysis, you can also watch the video.
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