XRPUSD | Buy Long | price has broken the trend!In my novice analysis I have concluded that because of the extreme high we saw in this pair at 2.6 previously and then the extremes of consolidating lows around .14103 there is anticipation for a bull run.
•the price has broken the trend line creating higher lows on the weekly and daily
•price has been consolidating for an extended period of time after a huge draw down, strong buy opportunity with clean entry
•SL has been placed at last most recent low
•TP1 & Tp2 are in the next zones above
With possibly more to gain
I am watching what price does at .28863 and then will take an entry if applicable.
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Please feel free to post your analysis or critiques and opinions ...I’m open to what others are seeing on this chart! Anything helps! GLGT
Bitcoinaltcoin
QSP / BTC (BINANCEAlright coinites, its ya boi coiniticus coming at you with a alt coin chart. Today we got $QSP.
FA:
This coin fundamentally is extremely sound. I played a bit with this coin back in 2017. Essentially QSP is the IRS of the blockchain. They are provided coin supplies and essentially audit the transactions and make sure the supply is actually correct. Then they take a percentage of their coins as payment and its spread upon the holders of QSP.
TA:
We see a completely bottomed out price the lowest its been in its entire history. 389 was the ATL and were currently ranging in 520-550 sat range. The ATR(AVERAGE TRUE RANGE) is extremely low which would really tell me the move is coming whether its up or down. Down would be less likely because the market is turning bullish. The RSI broke out of the downward trend its been in since January. We see the price accumulating and i suspect this price to move very significantly