Hi guys i want to share my opinion about QTUM again
every thing is clear on chart :
1: qtum in weekly timeframe is in uptrend channel that it seems broke the bottom of this channel BUT! its now on strong support zone (yellow zone) that it broke this zone(as Resistance) on 8/feb/2021 with high volume and i do not think it can breake this support zone again and you can see Divergence MACD
2: From the point of view of Elliott waves in my opinion is this : the wave 4 is finish now and we will go to complete wave 5
3: From the point of view of time analysis as its clear in chart the Reduction cycle is finished an we have to go to Incremental cycle in 4 month
In short, I expect to see a minimum price of $ 50 and a maximum of $ 100 over the next 4 months.
Always be profitable. thank you
every thing is clear on chart :
1: qtum in weekly timeframe is in uptrend channel that it seems broke the bottom of this channel BUT! its now on strong support zone (yellow zone) that it broke this zone(as Resistance) on 8/feb/2021 with high volume and i do not think it can breake this support zone again and you can see Divergence MACD
2: From the point of view of Elliott waves in my opinion is this : the wave 4 is finish now and we will go to complete wave 5
3: From the point of view of time analysis as its clear in chart the Reduction cycle is finished an we have to go to Incremental cycle in 4 month
In short, I expect to see a minimum price of $ 50 and a maximum of $ 100 over the next 4 months.
Always be profitable. thank you