(1) ~0.002918 and 0.00243 is anticipated to provide resistance on a breakout to the upside of the (diagonal). ~0.00276 (green dotted line) indicates a price level where QTUM previously found support.
This gave way to more action on February 20, 2018. Based on the principle that previous support can become resistance and vice versa, further evidence is provided that QTUM might encounter a wall of sellers between 0.002918 and 0.00243 as ~0.00276 is within the region of resistance mentioned above.
(2) A falling diagonal ( ) pattern established since May 11, 2018. This pattern is (albeit not 100% of the time) and any breakout to the upside should be expected to return back to the origin of the which is ~0.00217. This is not too far away from resistance i.e. (1) above.
Establishing a long (buy) position as soon as QTUM breaks to the upside of the is less conservative than waiting on a breakout above the and price action moving above ~0.001358. Either scenario is even better if confirmed by momentum.
(3) ~0.00102 and 0.00061 marks the support region for QTUM as identified in this analysis. The does intersect support region so it is crucial to watch and see what comes up next for QTUM before making any decision especially going long (buy).
A break below the lower line of the and also lower line of support (0.00061) implies more downside potential for QTUM.