Qash looking for action?
Updated
Qash is a token that like XRP plays an important role in the ecosystem of the company that develops it (Quoinex). So the stability of its price is very important.
As shown, the chart seems to be reaching the end of a triangle, coming up from the support which gives us the chance to go long. Not without going to have small setbacks in the resistances.
It has proved to be a very stable token, so little by little I have taken it as a "refuge" in my strategy.
We will need to see how strong is the movement who break the structure, good thing is we have well marked the resistance and levels so we can plan the movement and protect our investment. If it retraces and go down, we are quit close to the main supports so i not see it as a big danger.
Happy New Year!!!
As shown, the chart seems to be reaching the end of a triangle, coming up from the support which gives us the chance to go long. Not without going to have small setbacks in the resistances.
It has proved to be a very stable token, so little by little I have taken it as a "refuge" in my strategy.
We will need to see how strong is the movement who break the structure, good thing is we have well marked the resistance and levels so we can plan the movement and protect our investment. If it retraces and go down, we are quit close to the main supports so i not see it as a big danger.
Happy New Year!!!
Note
Assembling a framework with tight protection for greatest amount of profits or to initiate the closing of positions. An angle with horizontal support that serves as a reference for longer periods. (long protection)While respecting the supports my position will be open, if it arrive at the ATH area I will make a revision of the structure.
Note
just in time!!! fly baby fly.......Note
I will put my stop loss to $2and I'll close this idea .... thx all
Trade closed manually
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.