Quantum might have bottomed for now.
Looking for a clear bounce and higher high.
Maybe forming inverted Head and Shoulders?
If buyers persist, 600 should be first target.
Break of 600 should reach the 2.618 at 652.
Break below 514 leaves a long way down.
See some of my other ALT coins plots below.
I also plot Forex and some Stock, check my profile page.
Qtum reach strong resistance right now.
If this coin able to break up resistance at 0.00072578, we have 31% bullish projection at 0.00095088 with 244% maximum target at 0.00246674
If this coin failed, price will back and reach support level at 0.00060611
*we wait at support ^_^
** this chart analyze full by one of my student (after reach days 8 of his learning)
Quantum had quite a spike which has mostly retraced.
It is now approaching some Fib support zones to watch.
BUT need signs of accumululation (sideways for a while).
600-610 would be the Ideal bounce point.
569-580 should bring very strong buying.
520-569 could breach, but better bounce hard.
QTUM has fallen right back down onto trendline support as well as the demand zone
A strong bounce from this area would show that QTUm might be ready to retest the previous local highs and break out from this accumulation zone
Trendline support must hold or we could revisit the lower demand zone
Yesterday the QTUM update was announced: now coin holders will be able to invest in hundreds of financial instruments (ETF, stocks, crypto, etc.).
Buying it now cheap after dump caused be BTC.
Volume is going up, so do buy orders.
Entry point is 55000-58000 sats. Stop loss at 52500 sats. Main target is around 67000 sats.
If you like this idea, do not forget to...
Commodity : QTUM
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-4 weeks
Investment in trade : 15% of the total Trading Balance.
Prospective Profit :...
Many altcoins are preparing for what appears to be a strong bullish March 2019.
Qtum just broke above resistance today. These resistances levels are marked by EMA10 and EMA50.
QTUMBTC broke with a high volume candle, making this a solid breakout (not a fake a one), and this is just the beginning.
By breaking above EMA10 and EMA50, the potential for this...