Hi Seildev here,
Today we're looking at Qtum/btc at a high activity zone around 0.0012 ~ 0.00128.
- Key horizontal area of interest @ 0.001957
- High of 0.0049 to 0.001957 shows Fib 127.2% at 0.001179 (Support 3)
- High of 0.00423 to 0.001957 shows Fib 127.2% at 0.00132584 (Support 2)
- High of 0.00352298 to 0.001957 shows Fib 141.4% at 0.0013515 (Support 1)
If we are to surpass key level at 0.001957 we can set our target at:
- Target 1 @ 0.001957
- Target 2 @ 0.0025
Side note:
- A nice doji candle has also formed Nov 5th
- RSI Divergence
As always trade with a plan and safe trading.
Seildev
Today we're looking at Qtum/btc at a high activity zone around 0.0012 ~ 0.00128.
- Key horizontal area of interest @ 0.001957
- High of 0.0049 to 0.001957 shows Fib 127.2% at 0.001179 (Support 3)
- High of 0.00423 to 0.001957 shows Fib 127.2% at 0.00132584 (Support 2)
- High of 0.00352298 to 0.001957 shows Fib 141.4% at 0.0013515 (Support 1)
If we are to surpass key level at 0.001957 we can set our target at:
- Target 1 @ 0.001957
- Target 2 @ 0.0025
Side note:
- A nice doji candle has also formed Nov 5th
- RSI Divergence
As always trade with a plan and safe trading.
Seildev
Comment:
We now have seen a break out above the resistance trend line, a confirmation of bullish trend