Quantstamp (QSP) / Bitcoin is forming a bearish Shark pattern and entered in potential reversal zone.
MACD turned weak bearish from strong bearish.
RSI is oversold.
Stochastic has given bull cross.
But volume profile of complete pattern still showing the interest of traders to trade at this area therefore we should be careful and strictly use the potential reversal zone as our stop loss.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.00000242 to 0.00000086
Secure targets:
Sell between: 0.00000358 to 0.00000646
Aggressive sell targets (Upto the completion of leg)
Sell between: 0.00000740 to 0.00000866
MACD turned weak bearish from strong bearish.
RSI is oversold.
Stochastic has given bull cross.
But volume profile of complete pattern still showing the interest of traders to trade at this area therefore we should be careful and strictly use the potential reversal zone as our stop loss.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.00000242 to 0.00000086
Secure targets:
Sell between: 0.00000358 to 0.00000646
Aggressive sell targets (Upto the completion of leg)
Sell between: 0.00000740 to 0.00000866
