mumbojam

QTUM Range

mumbojam Updated   
BINANCE:QTUMBTC   Qtum / Bitcoin
QTUM has been trading higher on two exchanges leading in volume and price - bithumb (7.9x volume lead) and coinone (.7x volume lead)

You would probably want to pay attention to those and see how the price is arbitraged.

There is not very defined "Support" "Resistance" levels due to the drastic swings on this chart, but there are areas where we can see price consolidating. These also almost match with Fibonacci so I have setup Red/Blue Fibonnaci Support/ Resistance Faded lines to use. Also I have placed a resistance downtrend, and uptrend support which may be flawed a bit but the swing resistance seems to be tested right now.

I would probably wait for more indication before making a trade on QTUM. The % won't be large on trades at this point unless you can catch something with leverage or see something happening on a bigger timeline.
Trade active:
Resistance broken and a strong move has started for now.
Trade active:
Profit taken at 20% and 30%
Trade closed manually
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.