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Luiserebii
Dec 17, 2017 12:30 AM

QTUM Bullish Pennant  Short

Description

After this sharp uptrend, QTUM seems to be consolidating, forming a well-shaped bullish pennant. If it breaks out and candles close at around $33, this will confirm the continuation of the uptrend we've seen so far, looking very possible with such sharp volume today.

Comment

Small correction on the pennant angles, works better as: tradingview.com/x/UkqyDEfn/. I don't think QTUM has yet to break out of this consolidation. Trade with care.
Comments
ch441
can you give an update?
Luiserebii
@ch441, Still in consolidation:
breakout should occur soon
shayp
hey, do you still think this is going to pump?
thanks
Luiserebii
@shayp, it is definitely still within the realm of possibility; check my update for more info. Trade with care, and thanks for the comment!
shayp
@Luiserebii, that was a great call! think maybe xrp heading the same way?
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