Qtum shows good signs of bottoming, and the fresly minted daily 200 is offering support.
4h bullish cross of the 20EMA over the 50SMA,
and on the hourly we have also the 200 being crossed by both, with the hourly 200 acting as support.
Hourly close back above this 0.382 fib could be an hourly buy signal.
You'd be wrong below the hourly 200: 232.2k - which is an incredibly tight stop: It means we would have to bounce right here, right now.
First target is the 320-330k area.
Breaks above the second target - the major resistance zone - could signal the formation of a cup and handle with a target between 680k and 750k satoshi
Could be that we're not done bottoming.
Nice entry could be a strong bounce at 160k.
Last line in the sand is 100k satoshi: Below there, Qtum isn't coming back up.
4h bullish cross of the 20EMA over the 50SMA,
and on the hourly we have also the 200 being crossed by both, with the hourly 200 acting as support.
Hourly close back above this 0.382 fib could be an hourly buy signal.
You'd be wrong below the hourly 200: 232.2k - which is an incredibly tight stop: It means we would have to bounce right here, right now.
First target is the 320-330k area.
Breaks above the second target - the major resistance zone - could signal the formation of a cup and handle with a target between 680k and 750k satoshi
Could be that we're not done bottoming.
Nice entry could be a strong bounce at 160k.
Last line in the sand is 100k satoshi: Below there, Qtum isn't coming back up.