ADX shows that the market is not trending in any direction, but QTUM has already retraced back 60%. If it follows the Elliott waves theory, there is a chance this is either the lowest or the second lowest point if it hits 75 below. there is a 50/50 chance for it to do so as it failed to push up during the conference in Korea tomorrow, showing a stronger sellers' pressure. At the same time, the formed flag pattern suggests that a move upward may come sooner than later.
I'd invest some money right now and wait for it to either go up or go down to the 0.0027-0.003 range, in which case I would add to the initial investment.
Thoughts? Please point it out if there is something I am overlooking with this.
I'd invest some money right now and wait for it to either go up or go down to the 0.0027-0.003 range, in which case I would add to the initial investment.
Thoughts? Please point it out if there is something I am overlooking with this.