QRL landed on ATL bottom level around 5500 satoshis levels and fought for a base. QRL fundamentals are all good for accumulation buys. The only variable is when main exchanges platforms will list the mainnet coin (the coin which is actually mineable through PoW mining).The actual markets available are based on the ICOish ERC20 tokens released for inital start of the project. Basically consistent price moves and subsequent price consolidations ,upward or downward, will only be defined when a mainnet listing will occur.
However an uptrend confirmation would occur in the event of exchange listing.
In the chart you can see some key resistance levels on the daily timeframe.
QRL has strong possiblities to start an ascending channel towards the Second Daily resistance levels on 8500ish levels.
QRLBTCNote
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QRL still performing as scheduled. First correction happened on first resistance level (yellow rectangle).
MM flushing indicators and shaking weak hands/ impulsive traders.
Fill your bags in pyramidal order, keep checkin for the bounce near the bottom of the uptrend channel.
In the event of MM decision to hold on longer on QRL accumulation phase broke down of uptrend channel could occur. In the vent this would happen I will re-analyze the whole situation to reschedule a strategy.
Actual prediction for uptrend VS downtrend/sideline: 80% - 20%
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Anyway, I will keep filling my bags with QRL until any important fundamental will miss in the future (Thing that is very unlikely to occur).Note
Touching the base. 4hr confirming uptrend, Daily confirming uptrend too.Note
Excellent move upwardNote
UPTREND CHANNEL UPDATED.Actual prediction up vs down: 60% vs 40%
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Price rise denied by MMs but they did not give a clear signal of inverting the forming long term trend because the price already bounced upon the top line of the averaged bottom line.We should know how it will go by sunday or so.
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NEW CHART FOR QRL TA HERE> 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.