I have not seen a better alt-coin chart than QTUM's.
This is probably the epitome of the perfect chart to go long.
A huge descending wedge, the bottom of which is supported by the previous high volume nodes forming a triple bottom!
HOWEVER, it looks like Bitcoin is about to go to Goblin town any time soon, and in this kind of market environment, alt coins'...
QTM has left the ascending trend channel and entered a bullish?? flag - where it tests the lower limit actually.
If the limit is broken then the next support would be 19,20$ - a swing trend line. It seems that this support is strong - and it should halt.
In the case the upper limit would be broken - the next resistance is near and even when crossed to the top, ...
if the price goes out of the small structure its means bull get started.
This is one of the good trade getting ready for me.
because of the risk vs reward very satisfactory.
QTUM also wonderful project.
We got a sharp impulse left side of the chart
& huge correction also playout after the impulse.
QTM jumped last weekend but fell back soon afterwards.
Still, it's trading within an upward channel. I would consider this a bullish accumulation phase.
In case of breakout, I expect at least the height of the range, roughly $80, as the first target. The crucial test would be $100. That will depend on the overall crypto market, I think.
Now that QTMUSD was one of the top climbers of yesterday, I thought it might be interesting to see what may happen today.
Because of the trend not being able to set a new lower bottom, I assume that wave 4 is yet finished with a retracement of 76.47%.
I set my goals on 78.6% , 100% and 123.6% as seen in the chart. I myself bought a little bit to early at $...