What makes QSP different? Well for starters, QSP plans to be an ICO auditing firm. Assuming you watched the committee, I'm betting I have your attention. The main concern of the committee was scam ICOs and investor protection. Well guess what QSP aims to do? That's right - audit ICOs and provide investor protection. Furthermore QSP is one of only two major cryptos to come out of the YCombinator (the other being REQ, request network), so more than a few people see its potential.
Combine that with the technicals - strong rejection of the support line on the SEC news, a break of the downtrend line, and all of this on , and you have a great position. A crypto at the end of a bear run in a market at the end of a bear run that is poised to be the only auditing crypto in a market where auditing is desperately needed.
Basis: Support rejection on , downtrend line break, strong fundamentals, news will bring it into limelight as well
Entry: After it breathes a bit from this pump
Target 1: 4500
Target 2: 5000
Target 3: 6000
Volume is still relatively large, so this looks like normal consolidation before another leg up. Still long.
As always, keep an eye on that BTC price :).
We're actually seeing increased bullishness out of QSP. It could be about to break its upper trendline... If we see a break of 4K then that will be a solid re-entry signal.