QTUMUSDT Technical analysis update.
QTUM has formed a triple bottom on the daily chart and is currently trading below the neckline resistance. Once a breakout is confirmed on the daily chart, we could see a strong bullish move in QTUM.
Buy level: After Breakout.
#QTUM
The price is moving in a descending channel on the 12-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area in green at 2.05
We have a downtrend on the RSI indicator that was broken upwards which supports the rise
We have a trend to stabilize above the 100 moving average which supports...
From where we put the red arrow on the chart, the correction of QTUM has started.
This correction seems to be a double or multiple correction.
Recently, wave X seems to have ended and we have entered the second correction.
The least risky place to buy on large time frames in the medium term is the green range.
For risk management, please don't forget stop loss...
QTUM Trade Setup.
After a confirmed breakout from the green zone, we could take entry at $2.718.
Remember stop loss is your friend. Everything is on the chart.
Entry $2.718
S.L $2.434
T.P 1 $2.998
T.P 2 $3.471
T.P 3 $4.085
T.P 4 $4.951
**QTUM Long Plan Triggered:**
The long plan for QTUM has been triggered. If you look at the weekly and monthly levels, the chart is very easy to understand.
Keep in mind that everything works well in the absence of market manipulation.
Always manage your risk effectively.
From where we placed the red arrow on the chart, it seems that the correction of QTUM has started.
This correction looks like a triangle or diametric as we are now at the end of wave E.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and...
Marked the liquidity zone. The coin was pushed into a long position but without significant movement. I anticipate they might come back for additional liquidity, presenting a potential long entry point
Targets:
3.871
3.900
3.959
#QTUM
The price is moving in a bearish channel on the 4-hour frame and sticking to it well
The price rebounded well from the lower border of the triangle at the green support level of 3.80
We have a tendency to stabilize above the Moving Average 100
We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the...
QTUM seems to have entered a bullish diametric for some time now.
Now it seems to be inside wave D of this diametric.
The green range is a suitable place for buy/long positions.
The targets are marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital...
QTUM is currently trading in downtrend due to rise in BTC Dominance and is currently going towards demand zone. Breakout from a descending channel can be signal towards bullish rally and resistance zone.
💎 Paradisers, buckle up for an enthralling ride with #QTUMUSDT as it plans a bullish journey from a critical demand level at $3.756. This level hints at a robust leap into bullish territory.
💎 A standout feature is its escape from a descending trendline, propelling #QTUM on an optimistic trajectory. This shift marks the resurgence of bullish momentum, favoring an...
QTUMUSDT has broken above the uptrend trendline resistance, a significant milestone in its price action journey. Following this breakout, we observed a subsequent breach of the previously established high at $4.27. While the current pullback may appear as a temporary setback, it actually presents a compelling long-term buying opportunity not only for QTUMUSDT but...
#QTUM
The price has been moving in a descending triangle since July 2023
The downtrend was breached
And the Moving Average 100 exceeded
Current price 3.70
First goal 4.395
Second goal 5.320
💎 QTUM has recently encountered notable market dynamics, currently resting on a support area.
💎 If QTUM demonstrates a positive sign such as a bullish candle rejection at this support, there is probability for a bounce upward, leading to a retest of the strong resistance area.
💎 However, if QTUM fails to bounce at this support level, it could be a concerning...
We have a large diametric, which seems to be in its final wave, its G wave.
It is possible that the g wave will be shortened due to buying pressure. A strong support area has been established, and the price can move from this area to high TPs.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some...
🔮 #QTUM Analysis —— BREAKOUT 🚀
💲💲 #QTUM was trading in a Symmetrical Triangle, and breakout has already confirmed and also the breakout of major resistance zone, expecting bullish rally towards $8.946 and more💰 In Coming Days ✍️ ✅
📊Current Price -- $5.831
🎯Target Price -- $8.946
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade...
QTUM is showing strengh, i am playing spot here. This should be easy 25% if BTC stays stable. Price action is very bullish, volume is there as well. Overall it is bullish now as market bullish as well.
NOT A FINANCIAL ADVICE
ALWAYS USE STOPLOSS AND MANAGE YOUR RISK
