caselinben

QTUM/USDT - potential 156% setup

Long
KRAKEN:QTUMUSD   Qtum / U. S. Dollar
Hello Traders!

QTUM went into an uptrend after the correction.

On the daily timeframe , MA100 acts as support. RSI is in the bullish zone.

It is possible to look for buying on a correction. The position is better to gain in two parts:

The first is in the $11.20 to $12.90 range.
The second part in the range of $8.60 - $10.37

Stop-loss when price gets under the $6.45 level.

The targets for purchases will be:
$18,50
$22,00
$26,70

Good luck and watch out for the market

P.S. This is an educational analysis that shall not be considered financial advice
Trade crypto with the lowest commissions at AAX - https://bit.ly/2ZQ7qvU