QSPBTC Bull PennantQSP/BTC looks to be in a bull pennant consolidation pattern, marked in purple, which commonly precedes a bullish breakout (especially if it follows a bull run as in this case) with a clear support zone in the 2400 - 2500 area.
Tracing open / close positions for support and resistance rather than wicks highlights more of a falling wedge pattern, which again would indicate an impending (although less imminent) bullish breakout. However, I'm more inclined to follow the wicks and call a bull pennant.
I'm very new to TA and would welcome any feedback and discussion.
Qsp
QSPBTCIts time for QSP to pump.
trading exactly near the previous double bottom,, soon shall attract value buying. target 3000/3800
BUY
Qsp short term and maybe even long term huge wedge breakoutQsp broke out of a small wedge and is now continuing up to the top of this big downward wedge. It had also surpassed the 50 MA again and if QSP manages to break out of the big wedge we have a minimum of 100% gains coming.
possible swing trade I feel like QSP might drow below the resistance line as volume is low, might be a long trade, something to keep an eye on!
QSP Trade Recommendation (100% profit potential)QSP will soon reach the end of its symmetrical triangle pattern. As you can see from the chart; BINANCE:QSPBTC had previously formed a symmetrical triangle pattern of which it broke out of on 6th February. This breakout only served to form the basis of an extension to the existing triangle formation thereby increasing the size of the structure. A new breakout is expected to occur at some point before the 27th February.
Buy-in: At any point along the baseline of the triangle formation.
Target: 0.00006 btc
*Disclaimer* Not to be considered financial advice. Educational purposes only.
QSPBTC CORRECTION INCOMING! TAKE PROFITS!Major sell off coming, do not fall for the ABC correction.
Lots of resistance building at the 0.236 collusion and center of the trend line.
If I saved you a lot of losses with my calls, and want to sleep well at night, simply donate :):
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QSP is going to be a clear winner going forwardFor those of you who watched the SEC live, congratulations! The bull is in. The question is, which alts should you buy? The short answer is that right now, most of them are bullish, but there are a few hidden gems that I really love. QuantStamp (QSP) is one of them.
What makes QSP different? Well for starters, QSP plans to be an ICO auditing firm. Assuming you watched the committee, I'm betting I have your attention. The main concern of the committee was scam ICOs and investor protection. Well guess what QSP aims to do? That's right - audit ICOs and provide investor protection. Furthermore QSP is one of only two major cryptos to come out of the YCombinator (the other being REQ, request network), so more than a few people see its potential.
Combine that with the technicals - strong rejection of the support line on the SEC news, a break of the downtrend line, and all of this on volume, and you have a great position. A crypto at the end of a bear run in a market at the end of a bear run that is poised to be the only auditing crypto in a market where auditing is desperately needed.
Basis: Support rejection on volume, downtrend line break, strong fundamentals, news will bring it into limelight as well
Entry: After it breathes a bit from this pump
Target 1: 4500
Target 2: 5000
Target 3: 6000
QUANTSTAMP #QSPBTC - huge Triangle in progress?Quantstamp QSPBTC cryptocurrency made three horizontal correction waves, most likely in the form of a symmetrical triangle pattern. The subwaves D and E are still to be made. The next trend line, dotted red, limits the growth potential of bulls. A breakout above 38% Fibo can bring a three-wave growth movement.
QuantStamp (QSP/BTC) - Long OpportunitySame setup as previous post on Dogecoin/BTC
- first leg & wave 2 correction finished
- targets are fib levels
- sl line invalidates wavecount
- MACD supports upward movement
- moving average supports upward movement
- Only play a small % of portfolio because risk/reward ratio is not that high
Good luck & take care
QUANTSTAMP TO 7000 SATOSHIS!ONE OF MY FAVOURITES!
QUANSTAMP IS GOING TO BE A TOP COIN IN THE NEAR FUTURE.
CURRENTLY IN THE DOWNTREND, THERES A POSSIBILTY FOR SPIKING BELOW THE TREND LINE AND HITTING THE 1500-3000 REGION BEOFRE WE REVERSE AND GAIN SOME MOMENTUM.
QSP falling wedgeWe know if it continues going it could lead to an upwards breakout, time will tell!
QSP/BTC - Fib50 tested 3 times, bullish potentialAs you can see in the chart, the Fib50 has been tested a few times. The support level of the triangle is exactly at that level, which means we can expect very very strong support there. The price is about to cross the 30 EMA and the MACD also shows an upward trend is coming.
The drawing shows the expected price movement with strong fib levels at the black dotted lines. This trend is dependent on the BTC/USD movement over the next couple of days, so keep monitoring that!!
Buy: +/- 4150
Target 1: +/- 5000 (20%)
Buy: +/- 4750
Target 2: 5400 (14%)
*Binance is a growing exchange that is user friendly and does not require documentation if you trade less than 2BTCs. As it has just been launched it has reduced the trading fees to 0.5% if you have a small number of their coin ( BNB 0.00% -0.35% -0.35% ) in your wallet. Registration is recommended and using my referral link is highly appreciated: www.binance.com
*You are the decision maker in your trading, I cannot be held responsible for your losses
Bullish Pennant on the hourly QSPBullish Pennant on the hourly looking to break out for qsp
-macd just crossed
-rsi not looking to bad
stop at-0.00003838