QRL Bullish cloud breakout 600% gains v BTC possible longterm
Quantum Resitance Ledger has broken up though the daily ichimoku cloud which is the most bullish price location. This is accompanied by a bullish tk cross(blue crossing over red) although in the cloud and not above it is still a bullish signal, and lagging span is also above price and almost ready to enter cloud. The cloud resistance appears to be thinning in the future which is indication of a kumo twist coming up. These combined show indication of momentum change and beggining of an uptrend which is what Ichimoku system is designed to capture.
There is over 600% from the current price above cloud to previous all time high at nearly 0.001 satoshis.
entry-0.00015449
first target- 0.0023 a previous high of pattern)
Stop loss-0.00011900 you can set below the top o the cloud or alternatively since the cloud is quite thin, you can set it to the Bottom of the cloud of the 1 day tenkan line which are both pretty close.
This set up will result in a risk to reward ratio of over 2:1 for inital target.
Adding some fundamental Analysis, from its website- "The Quantum Resistant Ledger (QRL) will be a first of its kind, future-proof post-quantum value store and decentralized communication layer which tackles the threat Quantum Computing will pose to cryptocurrencies."
theqrl.org/
So with quantum computing among other technologies set to arise in the future, QRL could be a safety mechanism against more powerful computers that might be able to hack the blockhain.
There is over 600% from the current price above cloud to previous all time high at nearly 0.001 satoshis.
entry-0.00015449
first target- 0.0023 a previous high of pattern)
Stop loss-0.00011900 you can set below the top o the cloud or alternatively since the cloud is quite thin, you can set it to the Bottom of the cloud of the 1 day tenkan line which are both pretty close.
This set up will result in a risk to reward ratio of over 2:1 for inital target.
Adding some fundamental Analysis, from its website- "The Quantum Resistant Ledger (QRL) will be a first of its kind, future-proof post-quantum value store and decentralized communication layer which tackles the threat Quantum Computing will pose to cryptocurrencies."
theqrl.org/
So with quantum computing among other technologies set to arise in the future, QRL could be a safety mechanism against more powerful computers that might be able to hack the blockhain.