Spotted this possible S/R flip on QSP, it is trying to break that resistance but it failed so far, if it gets enough buy power to break above that resistance and flip it as support I think we could see a nice move up.
Lets see how it plays out,
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-the price is currently testing the upward trendline of support
-also, the previous resistance which has the chance to flip into support
-this area is critical because once this trendline is broken
-uptrend continuation will likely decrease and sellers might step in
-I do not recommend to open a Buy position right now
-wait for until QSP holds this level...
QSP is trying to break the MA200 line in 3D timeframe and I think it will try again.
We can buy it around 200sts and around 160sts.
If it surpasses the MA200 line at 250sts, it may rise up to 350 or even 500sts, but this is a long story
Below you have the chart for Quantstamp (QSPBTC) on the daily timeframe after a 250% bullish run:
Once prices start to move, how to know if there is additional potential for growth?
Raise your time frame...
Let's see how it goes!
Here we have QSPBTC on the weekly timeframe:...