alanmasters

[QTUMBTC](60%) Qtum Ascending Triangle Trade Signal @alanmasters

Long
BINANCE:QTUMBTC   Qtum / Bitcoin
Qtum ( QTUMBTC ) is forming an ascending triangle , moving higher and higher each time it tries to break above resistance and fails.

Now trading above EMA10, which for us gives this pair bullish growth potential.

We can see a big volume bar showing up at the bottom.

The RSI is sitting at 51.8, which is bullish (we consider anything above 50 to be bullish , below bearish ).

I've drawn two potential scenarios on the chart.
These are not the only possible scenarios but the main two in my own view.

There is also the chance for this triangle to breakdown and QTUMBTC move lower and go below stop-loss. If that happens, we close this trade at a loss.

Instead, if it grows and goes our way, we collect profits every day.

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PAIR: Qtum ( QTUMBTC )

BUY: 0.000385 – 0.000420

TARGET:

(1) 0.000480
(2) 0.000560
(3) 0.000595
(4) 0.000640
(5) 0.000766
(6) 0.000838

STOP: Close weekly below 0.000300
(Close daily below 0.000340, short-term).
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Thanks a lot for reading.

Remember to hit like to show your support.

Namaste.
Trade active
Comment: TARGET:

(1) 0.000480 -Reached 25-June (+20%)
(2) 0.000560 -Next target.
(3) 0.000595
(4) 0.000640
(5) 0.000766
(6) 0.000838
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Great trading idea.
I think it will
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Maybe the strongest coin if a break out happens
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@appileh, Why?
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