QASH-Are we done with Downtrend?
Updated
My previous chart prediction on QSHBTC did not work out (mainly I believe because of bear market).
QASH now formed very long downtrend and it looks like confirming the signs of uptrend. It is still too early to predict but I have a good feeling that with upcoming news on Liquid the uptrend will start soon.
As we can see from chart the uptrend line (green) was broken at 0.000075 which confirmed the downtrend and we could not find support at 0.00006057 level and moved bit more down to 0.00004646 level. It seems we can find support on this level, however if we still continue downtrend then the hard support line is at 0.00003960 level. Currently our first target is to break 0.00006057 level which was previous support line and now became as first resistance level.
From Ichimoku cloud-it seems still too early to open long but it could be good entry point for long term Qash holders.
Overall, Qash is a long-term winner-if you don’t expect quick pump and dump and have a long vision then this ERC20 coin has a bright future. Especially, when crypto gets more attraction from governments and everyone tries to regulate it-then the QASH is obviously front runner and WINNER!
Happy Trading!
QASH now formed very long downtrend and it looks like confirming the signs of uptrend. It is still too early to predict but I have a good feeling that with upcoming news on Liquid the uptrend will start soon.
As we can see from chart the uptrend line (green) was broken at 0.000075 which confirmed the downtrend and we could not find support at 0.00006057 level and moved bit more down to 0.00004646 level. It seems we can find support on this level, however if we still continue downtrend then the hard support line is at 0.00003960 level. Currently our first target is to break 0.00006057 level which was previous support line and now became as first resistance level.
From Ichimoku cloud-it seems still too early to open long but it could be good entry point for long term Qash holders.
Overall, Qash is a long-term winner-if you don’t expect quick pump and dump and have a long vision then this ERC20 coin has a bright future. Especially, when crypto gets more attraction from governments and everyone tries to regulate it-then the QASH is obviously front runner and WINNER!
Happy Trading!
Note
JFSA orders on Quoine changed Liquid Platform launch date. Therefore the chart is moving down. As sentiment around Qash is negative I don't expect major upward movement soon.
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