QTUM did break through below the 200MA initialized from the Bitcoin drop. Now QTUM is in recovery mode to gain the 200MA back as support. The previous support around 4.5$ did hold and the next target is the lost 7.7$ line.
As a major proof of stake Blockchain QTUM should have a great 2021.
Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place
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ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.