QTUM - Looking More Bullish Than Most Alts - Watch For Breakout!

Looking at the Daily chart for QTUM, I like what I see. We have a nearly completed falling wedge and a bullish MACD with a solid cross over the zero-line. This is bull territory. I am eyeing the bold yellow dotted resistance trend. This resistance has knocked down all attempts to break it since August of last year. If QTUM break this resistance level, that would be a very bullish sign. The next resistance area is would be 2x and we could reach it very quickly because there's no resistance in between.

For long-term hodlers, this is a great time to buy. Very little downside risk compared to the upside reward.

For short-term buyers, I would wait for a breakout beyond the bold yellow resistance level. The price could move quickly from here and prove to be an ideal scalp for some real profit.

Comment:

Daily MACD