After last night's outbreak we have seen another consolidation area that ends up in a triangle, indicating that there is another outbreak possible. This is consistent with Elliots 5 Waves as we would be approaching the end of point 4. Last night's outbreak also proves to be a good second wave in Elliot's theory, given that the bullish move was nearly 100%...
QSP/BTC has gone up around 15% in the last 24h, but it seems the fun is not yet over. There is a dominant flag with perfect bullish outway for another outbreak until early morning GMT time. Buy in the next hour as we will see a downward move before the indicators are in our favor. CCI will move below 0 during that move and trend line will go over the actual price,...
QSP/BTC has had 3 strong upward movements and is not on its way into a correction. Recommended sell asap or in the next upward movement during the correction, and buy back at lows at the end of today or tomorrow.
*Please comment on my chart and assumptions as I am always open to learning from feedback!
*BTC DONATIONS ALWAYS WELCOME:...
QSP is a solid project and with little to no news has managed to reach an ATH time and time again this week. I expect QSP to hit $1USD in the next 2 weeks, then $2USD the following 2 months, followed by a strong upward trend to $10USD across the next 6 months to 1 year.
So the breakout went according to plan. Next target is 4k sats. This would put them at a 370 million market cap or around place 50 on CMC. This seems reasonable as it is the only project that secures smart contracts
Hello traders, I hope everyone had a nice New Year's Eve. Found another gorgeous setup like my last post TRX.
Quantstamp is in a nice uptrend and and is offering a good setup for its next ATH.
Because the RSI is slightly overbought I expect a little cool down between 12h-36h.
Safe entry with confirmed breakout: 3000 sats
Ideal entry for maximum %: 0.786 Fib...
Quantstamp (QSP) was showing strength all day today in the face of a weak crypto market. It broke over resistance and retested support. (4 hour chart) Volume was also decent. I think QSP will make a nice move over the next few months.
Quantstamp (QSP) has broken out on decent volume. It has then come back and tested support. (old resistance now support)
I like that it was showing strength relative to the weakness we say in the market today. May be ready to move over the next month.