This is a quick chart by request sharing the long-term targets for QTUMBTC.
We can see this price moving weekly above EMA50, which is a very strong bullish signal.
A close above this level and we see long-term growth.
Here I am mapping for you over 680%, but there is room for much more.
This is not financial advice.
An extremely strong resistance level has been conquered with a relatively high trading volume(Neither low nor very high)
So the price is attractive to new traders, and current traders can still buy
My last target is 135%, but it is possible to reach higher levels...
Here I buy Qtum against Bitcoin. The price is testing the major resistance against Bitcoin, so now I load my bags and the bullish breakout against Bitcoin will start. And Qtum will go up
See you up there
Super clean setup. Qtum had one of the largest capitulations vs BTC. Now reclaimed support, above the Yearly P, retested R3 monthly + Volume Profile PoC and it looks very nice and steady. Old coins have been doing well and their trend is very clear. IOTA, ZEN, NEO, EOS, BCH, LTC, DOGE, SC and that could continue for some time. Lots of layer 1 protocols, most are...
QTUMBTC we still have the same setup, we have a beautiful daily impulse followed by a nice correction to the 0.50 fibonacci now we can be looking for the continuation to the upside... on the 4hr timeframe market has formed a nice counter trendline if we see a break and close above this zone we can then take the long on the retest of previous resistance turned support.
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.