CM_Trades

QTUM needs to get on its horse or we're going much lower!!

BINANCE:QTUMBTC   Qtum / Bitcoin
QTUM has broken and closed below the trendline support as it still sits on support. If QTUM cannot trend higher here and break back above this demand zone, the EMAs will continue to drop and cause a bearish crossover.

MACD continues to fall off a cliff and still has room to go below while RSI could retest the trendline before continuing lower. If QTUM cannot hold this demand zone, we could fall back down to the 38.2%FIB or even 23.6%FIB if Bitcoin takes a hit.

Thanks guys

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