QTM has left the ascending trend channel and entered a bullish?? flag - where it tests the lower limit actually.
If the limit is broken then the next support would be 19,20$ - a swing trend line. It seems that this support is strong - and it should halt.
In the case the upper limit would be broken - the next resistance is near and even when crossed to the top, the next fib retracement (27.30$) is also around the corner.
You see the two possiblities in green or red.
As the testing of the lower limit hasn´t ended yet we´ve to wait and to be patient.
For other coins as BTC and ETH I expect an ABC correction - so if QTM follows the trend and if I´m right - the probabiliy of a downtrend is higher than the uptrend.
conclusion: more probability for short than for long
If the limit is broken then the next support would be 19,20$ - a swing trend line. It seems that this support is strong - and it should halt.
In the case the upper limit would be broken - the next resistance is near and even when crossed to the top, the next fib retracement (27.30$) is also around the corner.
You see the two possiblities in green or red.
As the testing of the lower limit hasn´t ended yet we´ve to wait and to be patient.
For other coins as BTC and ETH I expect an ABC correction - so if QTM follows the trend and if I´m right - the probabiliy of a downtrend is higher than the uptrend.
conclusion: more probability for short than for long