QTUM has broken and closed below the trendline support as it still sits on support. If QTUM cannot trend higher here and break back above this demand zone, the EMAs will continue to drop and cause a bearish crossover. MACD continues to fall off a cliff and still has room to go below while RSI could retest the trendline before continuing lower. If QTUM cannot hold...
Technical analysis: QTUM/DOLLAR is in a range bound and beginning of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 60. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is possibility of temporary retracement to suggested support zone (18.13 to...
Technical analysis: QTUM/DOLLAR is in a range bound and beginning of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 60. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is possibility of temporary retracement to suggested support zone (18.13 to...