"Combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), Qtum merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts. Designed with stability, modularity and interoperability in mind, Qtum is the foremost toolkit for building trusted decentralized applications, suited for real-world, business oriented use cases. Its hybrid nature, in combination with a first-of-its-kind PoS consensus protocol, allow Qtum applications to be compatible with major blockchain ecosystems, while providing native support for mobile devices and IoT appliances." -steemit.com/ethereum/@mining1/why-quantum-qtum-will-replace-ethereum-and-bitcoin
Market is mostly in Asia, goals to take over the role of bitcoin, ethereum, and privacy based platforms, 850% plus price increase since its launch early this year.
Seems like there is a large sell wall right now in QTUM on the binance exchange, the "flag" seen above is stuck in an oscillation for now and I'll be waiting to see if it tries to break out. See if anymore news arises in the coming days to show that QTUM is worth buying.
Trade active
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looks like this "flag" may actually be a cup and handle plus a small flag on the end
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Perhaps worthwhile jumping in now with a stoploss right under the flag, if it isn't a flag at the end of the cup and handle it might be the top of the handle forming which would mean it should drop slightly then rise back up. At which point buy in.
At what rate is it a good entry? I sold QTUM too early, now it just keeps rising not sure if I wanna buy or find other good project that can give me better ROI. :/
thomas58700
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@juzme09, Going by my graph above a good entry is the center of this flag, I haven't heard much news regarding QTUM and don't currently have any of my portfolio invested into it. There should be other coins with better returns for now.
Ariex
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@thomas58700, thank you very much for your prompt reply! :D