alanmasters

Qtum (QTUMBTC) Hits New Low (What Next?)

BITTREX:QTUMBTC   Qtum / Bitcoin
Qtum has hit a new low and this one has been oversold for a while now. Let's take a quick read at the charts:

  • We are looking at some really strong divergence on the MACD . This chart shows 3 days per candle.
  • Coming out of oversold.
  • Still needs more volume .
  • Trying to break above EMA10.
  • QTUMBTC should breakout in 1-2 weeks if the market turns green. If not, it can continue on its slow decline. Early signals points to a corrective wave up at least.
  • The weekly candle is forming a reversal candle. Weekly candle closes within 32 hours.

Note: This is no trade advice.
Keep an eye out on this coin if you like it as it might move up soon.

Thanks a lot for reading.

Namaste.
Comment: This one is already moving, over 10% increase since sharing.

Good potential for QTUM as well.

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Any ideas on current situation?
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alanmasters onlypowerpoint
@onlypowerpoint, Looks good.
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I shared analysis if you permit me.
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alanmasters DeepandMoon
@DeepandMoon, Thanks for sharing.
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Friend, Good analysis.
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alanmasters DeepandMoon
@DeepandMoon, Thanks.
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