Qtum is still falling but the recent signs are encouraging for the bulls. The price action has been declining for three months now as the trend line keeps the price below it. Since the beginning of May, Qtum is creating lower lows and lower highs, which means a downtrend is taking place. However, it is testing the trend line more often now which is one of the...
Weekly
Looking at our trend timeframe we see price continuing in normal downtrend behavior. Qtum has now reached it’s last major support o major exchanges according to tradingview. Looking for a weekly reversal at this level, if no reversal sitting on hands until we see a weekly reversal for BTC.
Seven months have passed since QTUM entered a downtrend on the higher timeframe. The series of lower highs and lower lows has created a falling wedge and trapped the price action within it. A falling wedge is a reversal pattern. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. The price action stays trapped...
I've been swing trading $QTUM paired with $USDT on Binance recently with some decent gains. Decided to re-enter tonight at 7.68/7.70 with a stop loss at 7.3. It has some bullish potential given the fact that its oversold and there's some divergence evident on the oscillators (top). I'm looking to possibly pick up 5-8% over the next few days. If it heads south I'm...
Hello Lads and Ladies,
Today we will be taking a look at QTUMBTC. A very interesting coin with high potentials. Nevertheless the key question is as always, when and where.
To keep this just as long as it needs to be, we will take a look at the daily chart. Here, we can see very easily that QTUMBTC has been in a very steady and strong downtrend since the...
The price action for QTUM (QTUMBTC) as shown in this analysis is from December 18, 2017 till present date. Commentary is provided below based on the annotations that are numbered on the chart.
(1) ~0.002918 and 0.00243 is anticipated to provide resistance on a breakout to the upside of the falling wedge (diagonal). ~0.00276 (green dotted line) indicates a price...
Long-term deal
A strong support area was broken between 0.00150000 BTC and 0.00120941 BTC
Purchases are now made from current prices as the price is strengthened on the downside
Best buy when price reaches 0.00063 BTC to 0.00062 BTC
Always follow the strategy of placing a pending Aumer on a block with 75% of the purchase value and keeping 25% for long term...
#QTUM is still trending below the key bull/bear trend line. The trend line connects a multi-year high of the coin with two other swing highs but has now pushed the coin almost to the wall as constant bearishness overwhelms the bulls. #QTUM has been supported by a minor upward trend line that connects lower highs from the recent days. At one point in time, the pair...
