Most altcoins are painting the same potential bullish pattern during this downward action these past days.
Some of them are few percentages away from double bottom retest and could spark a strong reversal in the coming weeks or months.
QTUM is one of them to challenge its swing low at 1700 sats. If QTUM can hold this level until the market settles...
BTC is starting to rally & the consolidation may lead to continuity but for now we're seeing the king retake it's place up on the throne where it belongs...its times like these, when more volume is swapped within a matter of minutes than you'll see during a matter of days-weeks in some bear runs with nonstop sideaways priceaction, where you have to be disciplined...
The price action has hit the bottom of pennant and MACD has given the bull signal even the volume profile's fixed range is showing less interest of traders at bottom of pennant.
The QTUM is soon going to breakout this pennant insha Allah.
The targets are:
Sell between: 0.000500 to 0.000664
Atif Akbar (moon333)
. QTUM/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 51.
. There is a possibility of temporary retracement to suggested support zone (0.39500 to 0.32470). if so, traders can set orders based on Price...
I published a quite many "long" category charts at the moment, not because of bias, but because of it indeed the buy season!
QTUM sounds like Quantum for me... and quantum for refer to quantum computer. A Super computer which one day is way better than what we have today. Nope. They're Not.
What is QTUM? QTUM is a coin that separating the settlement and...