QTUM has recently a few volume injections recently, with the last one propelling us into the 1h cloud. We found immediate support and are coiling making higher in the bottom of the cloud. It just so happens for this to be the 0.5 fib as well; major bullish signs.
In the bigger picture, we see a nice bleed and a possible approach of a break in the downtrend....
- QTUM is still in the accumulation phase
- possible partnerships announcement coming up in the next week
- scheduled to be added to a new korean exchange next month
- targets are marked for profit taking
- buy zone is in the accumulation area
- ideal to hold at least a week or two
- TRADE at your own risk
- set stop losses as necessary
Earlier I posted a QTUM model fully exptapolating a cloned repro of an Elliott correction extended by a leading 3-drives pattern. I don't think it's going to happen that way again, but I was curious how much earlier wave anomalies affect subsequent wave patterns. This one has a somewhat more conventional correction phase, so I'll let them play out just to see what...
For this chart to be valid, I think we'd have to see another BTG-driven debacle after QTUM's next peak. This one simply cloned the evident 3-drives pattern flowing in to Elliott Correction wave off of the previous peak onto the next pitchfork/Fib-extrapolated Elliott wave peak and tacking the corrective waves on the end of the 2nd 3-drives pattern to yield an ABCD...
QTUM/BTC is showing a falling wedge pattern that could be the beginning of a reversal upward. Keep your eyes on the price movement. I set a price alert at around 0.00148000 BTC.
QTUM is a great project backed by a solid team; this might be a great entry point.
I think he will break the down trend soon, not sure when. I think he can go a little bit lower He was on his all time low, he went down over 60%.
He had a pump at start for 147%, i think he can go again +100% easy.
I think its a good project.
Waiting for some correction then i will buy some for sure.
