BITTREX:QRLBTC   Quantum Resistant Ledger / Bitcoin
Quantum             resistant ledger ( QRL             ) is an interesting project which for a lot of people is a longterm hold. As the name implies, the developers are foccussing on establishing a fully quantum             resistant cryptocurrency. At this point, this might not seem so interesting, because the era of quantum             computing is yet to come. But looking a few years down the line, quantum             resistance could become very important. Hence, this coin might be one of the very few that is really future-proof. So with every news item about the future of quantum             computing and how it is getting closer and closer, we might see more interest in QRL             as well.

Looking at the volume , we do indeed see that after the initial listing the volume died down, but has picked up somewhat during the last few months. This also caused a breakout from the yellow dotted trendline and now we have seem to have started a new upwards trend. At this point, QRL             has retraced to around the 0.0618 fibonacci level and approaching the lower trendline . We might see a reversal and start of leg 3 in the coming week. The StochRSI also indicates that we could go up from here and the RSI is pointing upwards as well. The MACD looks neutral, but the lines are starting to converge. For now, I'm waiting out and will only enter the trade once all of these indicators and price are confirming an upwards move. Will keep an eye on QRL             coming week.
trend broken?
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