QASH hasn´t left the negative trend yet but it could happen soon. Why? 1. QASH is near an important support (fib retracement 23.6%) 2. RSI has just turned to go up. 3. MACD triggered and rising. 4. EW is confirming a possible motive wave 3 .
But: QASH is still in the "support-zone" which must be left to the top to confirm a new trend. It is also still in the negative trend channel. This has to be broken to top. RSI and MACD are still in the bearish zone. And the market sentiment isn´t positive.
All is possible and before investing I would wait and see.
Stop: If support is broken the next support is at about 0.56$;
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QASH fell down out of the "support-zone" - which is now resistance-zone. It even broke temporarily the lower limit of the negative trend channel - but rebounded on a swing trend line and climbed back into the channel - which is still active. RSI and MACD are giving bearish signs. Did we see the end of the corrective wave 2 or will the low arrive in the next hours? I´ve got the hope that this time it has been the sell-out, confirmed by the volume. But the signals coming from indicators and TA are actually negative. conclusion: QASH shall rise out of the negative trend channel to the top, crossing the resistance- zone and beeing confirmed by RSI and MACD. This would be completed at a price level around 0.62-0.64$.
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After a short recover from the last dip QASH rebounded at the upper limit of the trend channel and continued to lower prices. It´s now heading the fib retracement 0% - the beginning of the last rise. One has to be patient and wait until QASH has found the bottom. RSI and MACD are negative as well.
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Qash will have to quit the trend channel to confirm the new trend. If so it should have a good run and lead the price higher than 0,95$ (not in the first move of course). Still it has to break the channel to up! If QASH rebounds at the upper limit the negative trend hasn´t ended yet.
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Now second attempt to leave the trend channel to the top. RSI is bullish this time. Positive sentiment in the market. If the trend channel is broken and QASH remains outside it´s very possible that the price could rise in a first attempt to fib retracement 23.6% (0,58$). This is a strong resistance and should be broken. Probably there will be a fight from bulls and bears along this line.
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QASH is in uncharted land - prediction based on TA quite impossible. The only positive to say is, that all indicators and patterns are negative. So perhaps we´re near to the end of the bear-market. To get more dynamic the volume has to rise a lot!
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adjusted the trend channel - still negative. QASH between the two limits of the mentioned channel. To give bullish signals it has to break the upper limit. In this case QASH could have a good run. RSI bearish (level and trend), MACD neutral to bearish. Volume very poor.
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After waiting a long time and after several deceptions it could now be the right time for long investors in QASH. In my opinion the whole sentiment for cryptos has turned and so all coins and tokens could take advantage from this. If I´m right this could be the beginning of a new rally - also for QASH. As one can see it has just left the negative trend channel to the top (but not far away from the limit!). RSI has also a positive trend and MACD has been triggered to up. The cryptocurrencies have lost a lot of volume, so do QASH - will it be enough for a new trend? - no trading advice -
thanks Luettis.... i will be sharing again on Qash telegram channel..... the guy who called 62c!!
there are big things happening in the qash world too....new exchange is out in a couple of weeks, more on exchange ICOs coming up, so much going on behind the scenes right now
Luettis
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@commondenom, oh - thanks. This gives more reason for a better turn than at other coins and tokens.
TauCeti
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@Luettis This is because they made announcement that his final product WorldBook will late couple of month, without precise date.
TauCeti
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@TauCeti,
Investors an community are disappointed.
Cryptoclick
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Thanks for the update
TauCeti
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Thank you for update.
commondenom
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it's trying....currently trading above the top of the channel but needs to close and confirm
last time it bounced from this level with 60% gain......then it bounced from the same level with 90% gain...... i expect 120% for next bounce...a little higher than your prediction at $1.09, but you could be right as tat $1 level is going to be a big selling point for many, many people who have been incredible patient with this coin.....
TauCeti
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@commondenom,
Don't forget that Liquid Word Book is coming soon. Maybe it will rise price more.
there are big things happening in the qash world too....new exchange is out in a couple of weeks, more on exchange ICOs coming up, so much going on behind the scenes right now