Gmanns777

QASH: Big Butterfly setting up!!!

Long
BITFINEX:QSHUSD   QASH / Dollar
QASH is a crypto I learned about for the 1st time today. A friend of mine seems pretty pumped about the project and the potential it has.

I checked it out and found 2 Butterfly patterns. The 1st has completed already (left side of the chart) and gives us a nice visual representation of what could happen if I get into the 2nd Butterfly which is setting up now (right side of the chart). Essentially we are getting close to C and that means the possibility of trading the C D leg. In this case the Risk: Reward is 4.5:1 assuming price gets to the 1.272 ext and 6:1 if it gets to the 1.618 ext.

All in all this looks to be a great set up and a trade I will look to take advantage of.
Comment: Price moved nicely off the 78.6, looks good so far

Comment: trade is onnnnnnnnnn!

Comments

thanks for this mate.... QASH has huge potential for the long=term....they are constantly hitting milestones on their roadmap and a big one is just days away from being released to the public...... people are expecting this to hit $100 within a year or two provided the team continue achieving their goals...

are you a joburg boy?
Reply
Gmanns777 commondenom
@commondenom, all good man... hope it works for us both. No not a joburg boy :D I lived in Capetown for a while hence the accent
+1 Reply
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