crypto477

QTUM/USD Symmetrical Triangle Breakout

Long
BINANCEUS:QTUMUSD   Qtum / USD
BINANCE:QTUMUSDT

Following this breakout of a large symmetrical triangle that has been forming on this chart. The chart pattern is extremely high quality with almost no deviations for the past few months. Assuming we close the daily candle above the resistance line I will look to enter on the backtest.

The breakout target is $38 but I think it go even higher given the price action that we have seen in the past from QTUM. In 2017 when it had its end of year breakout it surged from the $10-15 range up to its all time high which is over $100. I see a lot of potential in this chart.

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