Last few hours, Qtum has made a very impressive move. A noticeable spike was observed and it dramatically changed the trend. It seems that Qtum has successfully completed a long pattern.
On the chart, the spike is appeared at the end of , and it successfully breached the downtrend. The is dramatically curved up and shows a positive signal.
If the impulse starts steadily, the Qtum will be priced at 0.0077 BTC (extensions in wave 5 are expected).
One thing to note is that if sudden price increases persist, you should pay attention to the change in . When the enters the overbought situation, it should prepare for a sharp decline.