jdharward

QTUM approaching breakout (or failure) point

Long
jdharward Updated   
BINANCE:QTUMBTC   Qtum / Bitcoin
QTUM, based on the daily chart, we can see we're nearing the end of a consolidation triangle.

The longer trend line suggest we're going to see a breakout, likely within the next 72 hours.

Breakout or failure will largely depend on the success or failure of Bitcoin to push beyond $9K and our $10-11K target before retreating.
Comment:
Based on the daily, QTUM could see move within the next 48 hours. Considering it's Spring alt coin season, I would suggest we're more likely to see a bullish breakout.

Current price of 233800 sats is a nice entry point.

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