Hello Steemers!
Was looking at Quatloo ($QTL) today and decided to do a chart on it. The block reward halved just a day ago or so.
Currently ranked 249th on coinmarketcap.
Fore more info about Quatloo check out their website and their Bitcointalk thread:
Website - http://quatloos.org/
BCT thread - https://bitcointalk.org/index.php?topic=655793.0
Gonna show the weekly charts first as usually, as follows, monthly, weekly and daily chart.
monthly chart Poloniex - clean -Jan. 04, 2017
On the monthly chart we can see the bigger picture, the all time high at around 32k satoshi, and how the price found some middle price of 16k satoshi to start the trading, then started a major downtrend which lasted a long time, and found some support around the 1000 satoshi levels. After the long downtrend it made the first little bounce to about 6k followed by a retrace to about the same 1k satoshi levels and then making another, this time bigger pump which went to nearly 10k satoshi. After the latest pump to about 10k the price started going down sharply again and is now trading at around 1100 satoshi.
weekly chart Poloniex - clean -Jan. 04, 2017
daily chart Poloniex - clean -Jan. 04, 2017
As the zoom in through the weekly and the daily the moves become more clear and we can see some small pickup waves that happened.
Pulling some lines next, used the weekly to put them on the chart, will be showing the weekly and the daily from here on.
weekly chart Poloniex - lines-Jan. 04, 2017
We can see some zones going form 6k to lower prices and getting tighter as the price is going down.
The accumulation zone in which the price spent most of its time seems to be the one reaching from about 1k to 2.6k satoshi which seems to have a bottom heavy support zone all the way down to about 500 satoshi.
daily chart Poloniex - lines-Jan. 04, 2017
On the daily we can see how the price used the ~1000 satoshi line as a major support line, hitting it quite a few times in the past. The 2600 satoshi line seems to be acting as the top of that area after which comes the 4.5k satoshi line which seems to be acting as the entrance to the major resistance level of the price.
For the final touch pulling 2 fibs, 1 on the weekly and another one on the daily.
weekly chart Poloniex - fibs-Jan. 04, 2017
The fib on the weekly i pulled to get some perspective of the the possible longer term targets, it reveals a major accumulation area which seems to be topping at around 6k satoshi, and some possible targets on the upside, as the zones end and switch to new (the 10k, 13k, 16k and ~20k satoshi lines/levels).
daily chart Poloniex - fibs-Jan. 04, 2017
On the daily chart the fib marks the 2.6k satoshi level as the top of the major accumulation area, with the 1k line marking the entry of the hard support zone. We can see how the price is now hovering slightly above with some spikes going bellow but constantly getting pulled back up.
What to expect?
On the lower time frame:
1st (green) - The price marked a new bottom and will use the 1k satoshi line to bounce and start a uptrend.
2nd (red) - The price drops bellow the 1k satoshi line, aiming for a new bottom at around 650 satoshi (marked with the blue line), which would result in a higher local low on the bigger scale and then turns from there.
daily chart Poloniex -Jan. 04, 2017
On the bigger time frame:
1st (green) - After deciding of the new bottom the price is going to enter a hard uptrend sharply progressing through the resistance zones and is going to look for a new local high, or even possibly a new all time high
2nd (yellow) - After deciding of the new bottom the price enters an accumulation zone between the 1k and 2.6k lines and keeps on with it for some longer time before progressing onward.
weekly chart Poloniex -Jan. 04, 2017
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
Thank you for understanding!
If anyone has any questions or need's help fell free to ask, I will try to explain as fast and as best as I can.
Critics, comments, reply's, counters, advice's, etc. are always welcome!
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DISCLAIMER
I am showing multiple scenarios on the price movement, in the post itself I do not take any stance, either bullish or bearish. I am not responsible for neither you’re winning nor you're losses upon trading! the "comment" section is my personal opinion and does not mean I have to or do hold any positions in the given market.
Everyone who uses TA develops his own unique charting style, please keep that in mind.
Enjoy the valuable lesson about altcoins by 
Do you get what he's saying? ;)
Kind Regards, OZ :)