qtumbtc 2nd update for today looks like where are creating a new upward channel.. lets see how this plays out. feel free to follow me guys for daily updates on the crypto market basic ta
QTUM is a Chinese coin that's designed to integrate the BTC and ETH blockchains, it's in the top 30 market caps, and in addition to having a working product the code contributions haven't fallen off completely.
All the same, the fundamentals of any of these alts may or may not mean jack shit. Plenty of seemingly decent products die every bull cycle and never see...
Looking at the 4hr chart, QTUM is in a nice ascending channel. It is currently bouncing off the lower boundary of the channel confirming it as support. This could be a great area to buy as there is a lot of room to move upward in this channel. My target will the top of the channel around .00065-66 and I'll have a stop-loss at .00056 which would be a clear break of support.
Qtum is currently in accumulation on a monthly support...Until we a see breakout from the wedge, now is a good time to begin accumulating in small portions.
Once we see price breakout through the wedge, we can confirm that price will shoot to my daily targets.
Alt Coin Analysis - Points out of 10
Date : Since 2017 ( 3 / 10 )
Volume 24 H : 15000 BTC( 6 / 10 )
Available Markets* ( 8 / 10 )
Social Media Rate ( 7 / 10 )
Ranks **27 ( 8 / 10 )
Website ( 7 / 10 )
Type a decentralized #Blockchain application platform
Overall ( 7 /10 )
Between 50,000 - 58000 are the best level to accumulate for a long term...
QTUM has touched a monthly support level. The next 2 major wicks were really close but it never touched. This is a sign that QTUM is in accumulation right now...
In my opinion, I can see QTUM fall a bit more based off TA and the market we are in right now. QTUM may even create some new support levels.
QTUMBTC
QTUM at the bottom of value
@ support of POC on volume profile
W's in indicators
Still waiting for a bit of structure in histogram
Targets in purple
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QTUM price dramatically decreased when the whole market crashed. The price consolidated around Fib 1 level and formed Inverted Head and Shoulders pattern. Few small candles left to finish the pattern. Up from this moment we expect several growth waves. Our targets set at the reverse points so you can buy and sell at the extremum points. Carefully follow trading...
QTUM Making Bullish Channel and Now Buying Zone.
Buy 590-600
Sell 670, 730 & 750+
Stop Loss 540
Let See , What Will be Next Move.
I hope that Price can fly From Buying zone.
Share Your Opinion in Comments.
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Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
The bear trend has been broken.
However since the price is going sideways, it needs to be cautious.
Reasonable target would be between $10.00 - $14.00.
Aggressive target would be $21.00
I highly doubt that price could go over $22.00. (it is always possible but I do not see this could happen in high percentage chance)
The support line is $3.10, and if price...
