BITTREX:QTUMUSD gained a lot of value in a very short time. Trying to get even higher, in order for the market to stay healthy there should be some correction but i wouldn't be surprised if it keeps on thriving towards next Fib retracement . In order to do soo, BITTREX:QTUMUSD should break resistance line, which was already tested. Buy on the break out.
It has finsihed 5 EW downward. I assume that ABC retracement started from the dip. To be on the safe side, you can wait for long term resistance breakout and confirm that with oscillators and a green candle. After the end of wave C, the next targets will be .0043BTC .0046BTC and .0049 BTC.
Been watching QTUM since around $11, feel disappointed i missed the 6x boat but that's alright, we're only getting started!
QTUM has a relatively low market cap with a huge amount of growth potential
expecting 100%+
TA says 2hr RSI is very oversold, ready to bounce back soon.
Once the whole 'flippening' FUD goes away, more money will flow into alts and qtum has...
A bullish pennant is formed once again, similar to the one a few days ago that brought us to $70. Bollinger Band squeeze indicates that it's consolidating and we're looking for a breakout sooner or later. Buyers and sellers respecting the bottom trend line is a very bullish sign as now we have support at around $62 level.
BUY QTUMUSD IF it closes above $32.25 on the Hourly Chart!
QTUMUSD crossed above the most recent swing high at $21.75 and is consolidating in a nice tight range.
A breakout above the $32.25 will trigger another buy, with a fib level target of $65!
Momentum is positive and the price action encouraging.
Target $65 and Stop Loss $24.70!
Aiming for an approx....
QTUM/BTC has broken up a falling wedge in a downtrend (bullish reversal pattern) in the daily chart.
This pattern has been built since mid-August.
The MACD has hit a triple bottom and now looks ready to turn bullish again.
BTC/USD also is currently building a rising wedge in an uptrend (bearish reversal pattern), which can indicate that the price of BTC will...
Entry would have been at the $33 level and QTUMUSD is now trading around $49!
Trail stops to the 8 Exponential Moving Average on the Daily chart, on a closing basis.
We are doing this to protect profits and ensure that we will have a great return (Just under 50%) in less than 11 hours!
Happy Trading
Lindosskier
Qtum's volume is increasing and that means qtum was brand new but now the volume is in the billions and it is starting to get enough volume to go into a uptrending price and start it's career
QTUM/BTC is currently testing long term resistance and is in a good position for a long trade if it breaks out. Some targets are the local high at 0.00192 or the fib extension at 0.00270.
If it does not break resistance, expect price to swing back down to the bottom of the channel.
After this sharp uptrend, QTUM seems to be consolidating, forming a well-shaped bullish pennant. If it breaks out and candles close at around $33, this will confirm the continuation of the uptrend we've seen so far, looking very possible with such sharp volume today.
Interestingly, after an intense rally up to $31 last night, BITTREX:QTUMUSD seems to be consolidating pretty well. It's always hovering above $27 USD which serves as a support level at this point. Here, we can see that a pennant is forming hence the spike in price when it broke out but dropped back inside due to low volume. It's going to be interesting to see...
$NEO has the capacity to run for at least 35%-55% before hitting major resistance! $NEO has a high positive correlation with $OMG and $QTUM and they just broke up for massive gains!
