QTUM is shaping what seems to be a butterfly pattern that is supported not only by the fib ratios but also the RSI and Stoch RSI swings.
With the release of the mainnet and a Shanghai conference on Sep 13, there is a good chance the price will soar, which also means there is likely not enough time for the price to retrace to the target point of D. That said, the rectangular area is a good time frame to buy up more QTUM.
Like you said, there is news on QTUM which will push price up. By the end of this week i expect things to be looking much more bullish. If we break out of this current triangle bullish then we could see price move above .03