Today, I put a long position on QSP/BTC just when alt dropped a bit at around 4 pm (GMT +7). Things to be considered are the significant price spike a couple days earlier which drove the price to the tip of the red triangle. Candles move back and forth in the projected triangle. Using Twiggs money flow indicator, I managed to draw upward trend indicating potential...
Quantstamp is a fresh buy a unique project holding strong potential. Since it became publicly trading it rose from $0.045 up to $0.87, resulting in almost 2000% growth.
Nevertheless, a heavy correction down followed and QSP/USD declined by nearly 90%, where it found the support at 88.6% Fibonacci retracement level. Prior to that, it rejected the uptrend trendline...
Extention targets much more reasonable than 1 to 1 seeing the 1st move. The 1st wave hit 2.618 and 4.618.... retraced to the 382.... the 1-2 move here of the 3rd wave is matching up well for a big move
I still don't like the token (like the company though). However, have a lot of friends w positions in this, lots of confluence pointing towards a kumo breakout and retrace back up to the 618 fib
Hey Guys,
I am watching QSP right now and I see a beautiful H&S pattern forming on 15m chart.
I will be watching this one closely but everything lines up for a perfect breakdown.
Please let me know Your thoughts.
I am still farely new in this area and all comments are welcome!
Thanks!
Cheers,
Marek
Quick Trade
QSP has broke out of it's symmetrical triangle formation.
Entry point is around now 0.00001890
Resistance
Fib 0.5 (0.00001952)
Fib 0.618(0.0000201)
Fib 0.786(0.00002119)
expecting the breakout to reach about Fib 1.272 (0.00002403)
Set your sells for a bit below these points of resistance to take profit.
Stop loss around 0.00001800
T echnical analysis:
QUANTSTAMP/BITCOIN is in a down trend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 38.
Trading suggestion:
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone...
QUANTSTAMP/BITCOIN
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*There is still possibility of temporary retracement to suggested support zone (0.0000156 to 0.0000099), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000156)
Ending of...
Huge falling wedge formed the past 3 months on the QP chart. Will wait for a break out and RETEST of the resistance line to see if it turns to sufficient support. If it does I go long there and the targets are just the fibonacci lines. QSP has great fundamentals also, making it a low risk trade.
Quantstamp has found a very strong support at $0.08. The support is confirmed by two Fibonacci retracement levels. First is 38.2% Fibs applied to the uptrend trendline breakout point. Second is 127.2% Fibs applied to the corrective wave up after the trendline breakout.
Clearly the support has been rejected and price produced a double bottom on the lower time...
