QuantumStamp topped at 5422 satoshis, after which the correction down begun. Price broke the uptrend trendline and went further down, where it found the support at 1700 satoshis.
At 1700 satoshis, the 76.4% Fibonacci has been rejected cleanly, as well as 327.2% Fibs applied to the corrective wave up after the uptrend trendline breakout. At the bottom, RSI oscillator formed a bullish divergence, followed by the break above the downtrend trendline.
Such price action suggests the end of correction and potential continuation of a long-term uptrend.
Is this strictly TA-based? Any thoughts on the future of this coin? I've always found the application to be somewhat limited, but I bought at the wrong time, so... bag holder. From a purely TA standpoint I believe your analysis, but I wonder if people have enough positive sentiment toward QSP to allow it this volume boost? Does it matter?
CryptoPAMM
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@netrin, 19 March 2018 - YCombinator Demo Day
Quantstamp presenting their prototype at the YCombinator Demo day during March 19-21 at the Computer History Museum in Mountain View, CA