Same setup as previous post on Dogecoin/BTC
- first leg & wave 2 correction finished
- targets are fib levels
- sl line invalidates wavecount
- MACD supports upward movement
- moving average supports upward movement
- Only play a small % of portfolio because risk/reward ratio is not that high
Good luck & take care
ONE OF MY FAVOURITES!
QUANSTAMP IS GOING TO BE A TOP COIN IN THE NEAR FUTURE.
CURRENTLY IN THE DOWNTREND, THERES A POSSIBILTY FOR SPIKING BELOW THE TREND LINE AND HITTING THE 1500-3000 REGION BEOFRE WE REVERSE AND GAIN SOME MOMENTUM.
As you can see in the chart, the Fib50 has been tested a few times. The support level of the triangle is exactly at that level, which means we can expect very very strong support there. The price is about to cross the 30 EMA and the MACD also shows an upward trend is coming.
The drawing shows the expected price movement with strong fib levels at the black dotted...
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.