QSP (Quantstamp) Good Trade Opportunity!Long story short - strong coin made a breakout from trendline & formed HH and HL!
Fundamentally also very strong coin!
Good luck!
QSPUSD
A New Opportunity To Buy in QuantStamp ...Technical analysis:
. QUANTSTAMP/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 51.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.160 to 0.090). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.160)
. Ending of entry zone (0.090)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.224
TP2= @ 0.277
TP3= @ 0.393
TP4= @ 0.487
TP5= @ 0.581
TP6= @ 0.885
TP7= Free
A New Opportunity To Buy in QuantStamp ...Technical analysis:
. QUANTSTAMP/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 51.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.160 to 0.090). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.160)
. Ending of entry zone (0.090)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.224
TP2= @ 0.277
TP3= @ 0.393
TP4= @ 0.487
TP5= @ 0.581
TP6= @ 0.885
TP7= Free
Quantstamp - Reversal After 90% Correction?Quantstamp is a fresh buy a unique project holding strong potential. Since it became publicly trading it rose from $0.045 up to $0.87, resulting in almost 2000% growth.
Nevertheless, a heavy correction down followed and QSP/USD declined by nearly 90%, where it found the support at 88.6% Fibonacci retracement level. Prior to that, it rejected the uptrend trendline and still failing to break below the price where the trendline was rejected.
At this stage, Quantstap is likely to start reversing, or at the very least should produce a corrective wave up. There few minor resistance on the way up and it has to be seen how price will react to them. In any case, considering the total coin supply, the potential, and the current price, Quanstamp has all the chances to grow x10 at the very least.
QSP The most Bullish 1-2 moves I have seen this monthExtention targets much more reasonable than 1 to 1 seeing the 1st move. The 1st wave hit 2.618 and 4.618.... retraced to the 382.... the 1-2 move here of the 3rd wave is matching up well for a big move
QSP short term April 2018
Starting the 4 wave . Plan to buy at the start of the 5 wave at around 0.114 usd. Support trend line and bottom of ichimoku cloud line up at the .618 fib retracement
QuantStamp Ready To MoonQuantstamp has found a very strong support at $0.08. The support is confirmed by two Fibonacci retracement levels. First is 38.2% Fibs applied to the uptrend trendline breakout point. Second is 127.2% Fibs applied to the corrective wave up after the trendline breakout.
Clearly the support has been rejected and price produced a double bottom on the lower time frame. This could suggest the reversal of the trend and should potentially send QSP/USD to the new all-time highs.
There are two major resistance levels that should be watched while the Quantstamp is climbing up. First is $1, that is 127.2% Fibs and also a strong psychological resistance. Second is $1.25, that is 161.8% Fibs. Break above the $1.25 resistance could result in yet another wave up, while rejection could start the correction down.
On a downside, weekly break and close below the $0.08 support should extend the consolidation, but it is unlikely that the price will go much lower.