ForecastCity
Long

There is a possibility for the beginning of an uptrend in QSPBTC

BINANCE:QSPBTC   Quantstamp / Bitcoin
Technical analysis:
. Quantstamp/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000520 to 0.00000390). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00000520)
Ending of entry zone (0.00000390)

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 the 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= @ 0.00000660
TP2= @ 0.00000790
TP3= @ 0.00000965
TP4= @ 0.00001110
TP5= @ 0.00001320
TP6= @ 0.00001620
TP7= @ 0.00001900
TP8= @ 0.00002310
TP9= @ 0.00002830
TP10= @ 0.00003890
TP11= Free
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