the bounce happened off a old support, but couldn't get through the more recent resistance. will it track sideways in this channel for awhile? Who knows?
BINANCE:QSPBTC
Massive sell-off due to staff resigning.
What goes down must come up.
Playing a bounce play
- RSI 4hr oversold
- Sell-off volume isn't has strong just weak hands leaving
- OBV isn't decline as much
Accumulating at these levels having limit orders all the way till that support line.
Guys,
As you know $BTC continues dropping, here is a bearish chart on $QSP, currently sitting at a support, if it breaks it, those are the targets.
Happy trading!
This is a chart kind of like Enigma's imo. Trading in this channel for almost two months now. I do not expect it to break lower. This may be a little more risky trade, but I like the odds here. We could see a bounce off uptrend support and then a pop out of a short term wedge from the past several days. It also has 40% or so back to the top of the channel.
QSP still reacting well to its channel a little RSI bull div. made it reverse shot term trend, might be looking for the height of the channel as a target (around 3k sat rn)
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 53.57% PROFIT!!!
The increase in price may also be explained by positive developments including:
March 27: Quantstamp will audit PIN Protocol’s ICO and protocol smart...
QSP found the bottom on April 2nd from it's ATH in December.
Nice steady rising trend since has been created.
Hidden bullish divergence on the RSI daily chart.
Nice mid term hold here for a possible nice profit return.
My trading strategy as posted on my Discord:
Penny GEM PICK
Expected to hit all targets by August 1st
QSP on Binance
Buy up to 2200
T1: 2925 ...
Technical analysis:
. QUANTSTAMP/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 51.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.160 to 0.090). if so, traders can set orders based on...
Technical analysis:
. QUANTSTAMP/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 51.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.160 to 0.090). if so, traders can set orders based on...
