Head and shouders pattern formed, wil now test the neckline at the 573ish satoshi level and proceed to around 530satoshis if breached. If the head and shoulders pattern fails to break the neckline we could see a bounce and a double bottom formed.
Huge falling wedge formed the past 3 months on the QP chart. Will wait for a break out and RETEST of the resistance line to see if it turns to sufficient support. If it does I go long there and the targets are just the fibonacci lines. QSP has great fundamentals also, making it a low risk trade.
After it failed to form an inverse H&S, we can see an descending triangle pattern formed. At this point we will look for a break of the resistance or support line and a retest of the line broken to see if it has been confirmed as new resistance/support. On the RSI there is a hidden bullish divergence and the macd has crossed. The project delayed the mainnet...
Inverse head and shoulders almost complete, with the right shoulder forming right now. If it breaks through the neckline and first resistance level the target would be the 0.236 fib level. Mainnet is being launched tomorrow so it will likely drive it up past the first resistance.
Target 0.618 fib. Small bounce to upper trend line, if it fails we will drop to the lower trend line and look at the 0.786 fib level, if it succeeds I expect consolidation in the 0.382 and 0.5 fib level