QSP - Quantstamp Longterm Winner

Quantstamp is a project I am partial to as I participated in the ICO and as of now, it is still a unique offering in the crypto space. What they offer is a decentralized and automated way of performing audits of smart contracts. They have already audited a number of projects on Ethereum and apparently have an upcoming ICO audit on the EOS platform as well as the protocol is blockchain agnostic. Some new hires, including former VISA general counsel, and continuing development bode well for the future of this token. At a certain point, when the mainnet goes live, validator nodes may act in a similar manner as masternodes to perform the automated audits by running the QSP software. Details for this are still TBD, but from the whitepaper, we do know that validator nodes will be a part of the audit process.

Chart wise things are looking positive:

1. We have a nice breakout from the downtrend and base formed around 1400 sats
2. Price has now broken into the cloud and is testing the .236 fib resistance. If price closes in the cloud, I can see a good edge to edge trade set up set up on the way to the .382 fib
3. RSI is bullish and still has room to grow before topping out
4. Weak bullish TK cross is imminent
5. I am not an Elliot Wave expert, but it appears we have completed the initial 5 wave move out of the base (wave 1) and are now entering the larger wave 3

I personally am not trading this token, more accumulating and holding long terms as I do believe in the future of the project.