QTUM has recently a few volume injections recently, with the last one propelling us into the 1h cloud. We found immediate support and are coiling making higher in the bottom of the cloud. It just so happens for this to be the 0.5 fib as well; major bullish signs.
In the bigger picture, we see a nice bleed and a possible approach of a break in the downtrend. Stochrsi looks to be strong with a crossover and ready for oscillation.
Considering these two factors, I would be bullish on QTUM in the short term, expect a breakout to possible 250-270 zone; could blast through it, who knows. Ideal entry if you arent in the trade is as close to the cloud as possible, maybe even average down to the 0.618.
In the bigger picture, we see a nice bleed and a possible approach of a break in the downtrend. Stochrsi looks to be strong with a crossover and ready for oscillation.