QSP: Turning Bullish Price Analysis
- QSP on Higher time frames appear to be breaking out of accumulation
- OBV illustrating that the past 2 weeks has seen an increase in buy side support
- A 75% Chance of a Breakout to $0.10 representing a 110% move.
BREAKING. FOR IMMEDIATE RELEASE AND INFORMED TRADE DECISION
What does the Long-Term Analysis say?
- A Bullish incline as shown by Higher Highs and Higher Lows.
- 15/55MA crossed over to show bullish momentum.
- Buy-side volume higher than the 90D Average
- OBV has shown since the 17th September – bullish incline in Open interest.
- A close above 0.05 would represent a bullish move up to 0.10
What does the Short-term Trade Analysis say?
- A volume gap at 0.046 presents itself
- Further volume gaps all the way to the top.
- 55MA currently being used as a resistance.
What position would you enter into?
A position should be looked to enter at $0.0410 with a stop loss at $0.0391 and a take profit at $0.089
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