raphaelgabbarelli

QTUM/ETH might bounce on support and break out of channel

Long
BINANCE:QTUMETH   Qtum / Ethereum
QTUM has been on the decline against ETH for the past 2 weeks, and has currently reached a support level (0.023450) that has been tested around December 13 (just before a run-up) and on March 18th (just before a +45% day).
The price is currently bouncing on this support level , and is about to test the upper trendline of the downward channel started on April 30th.
A breakout might result in a pretty profitable run up like the ones that happened on March 19th or December (you wish!!!).