BITFINEX:QSHBTC   QASH / Bitcoin (calculated by TradingView)
$QASH is currently in an ascending triangle pattern, testing resistance. Momentum is strong as its above the zero line, and history has shown $QASH does well when it has momentum. There's a slight bearish divergence on the stochastic , so a support test is possible. There's confluence at the support with both the tenkan and kijun (not shown). Ascending triangle patterns will sometimes break down, before the price curls up, so channel break won't be too surprising even with confluence at support. Target coincides with the 0.618 and previous resistance, so that's where I'm planning to take profits

Comments

lol there's that triangle break down/break out
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