Qtum QTUMUSDT Bullish Flag Pattern Fib levels LONG
Qtum which I like to think as Quantum :) "replaces traditonal contracts between parties, build Decentralized applications, trustless transactions between parties, freedom of payments, counterfeiting impossible, fraud resistant, combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM)", (by Coincheckup)
I based my analysis on a bullish flag pattern, marked possible T/P positions 1 and 2 where I would close my position between 50-75% and hold the remaining to reach T/P 3. S/L as indicated by RED.
The Pattern T/P is supported in addition by Fib levels measured from the highest point of the price ever reached to the drop.
Trade carefully, protect your capital- this idea is just an idea not a trading advise!
I based my analysis on a bullish flag pattern, marked possible T/P positions 1 and 2 where I would close my position between 50-75% and hold the remaining to reach T/P 3. S/L as indicated by RED.
The Pattern T/P is supported in addition by Fib levels measured from the highest point of the price ever reached to the drop.
Trade carefully, protect your capital- this idea is just an idea not a trading advise!
Trade closed: target reached:
T/P 1 reached, T/P 2 awaiting, S/L below 12.5
Trade closed: target reached:
t/p 2 reached