Long
QASH: Big Butterfly setting up!!!
Updated
QASH is a crypto I learned about for the 1st time today. A friend of mine seems pretty pumped about the project and the potential it has.
I checked it out and found 2 Butterfly patterns. The 1st has completed already (left side of the chart) and gives us a nice visual representation of what could happen if I get into the 2nd Butterfly which is setting up now (right side of the chart). Essentially we are getting close to C and that means the possibility of trading the C D leg. In this case the Risk: Reward is 4.5:1 assuming price gets to the 1.272 ext and 6:1 if it gets to the 1.618 ext.
All in all this looks to be a great set up and a trade I will look to take advantage of.
I checked it out and found 2 Butterfly patterns. The 1st has completed already (left side of the chart) and gives us a nice visual representation of what could happen if I get into the 2nd Butterfly which is setting up now (right side of the chart). Essentially we are getting close to C and that means the possibility of trading the C D leg. In this case the Risk: Reward is 4.5:1 assuming price gets to the 1.272 ext and 6:1 if it gets to the 1.618 ext.
All in all this looks to be a great set up and a trade I will look to take advantage of.
Note
Price moved nicely off the 78.6, looks good so farNote
trade is onnnnnnnnnn!
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