Looks like qtum is hitting heavy resistance in a falling wedge. I will wait for a break out on heavy volume or for it to retest the bottom one last time. This is a great one to watch close.
Qtum is currently inside a bearish trendchannel (yellow line) heading any may reaching soon the bottom of the main bullish trendchannel (green line). Reasons why it should decrease down to 0.002BTC: MACD pointing down 4h closed below band (yellow marks) Volume is decreasing (short term) RSI pointing down (cannot show you RSI as a normal user can only...
So QTUM has really defied my expectations in terms of price action for quite some time now. The platform is a hybrid of Ethereum and Bitcoin, and aims to offer the best of both worlds. Great idea in theory and they are attracting dAPPS from Ethereum already. The China FUD did it no favors, but they also missed the boat with announcements of exchanges that did...
Entry 250k. Short term targets are 290k and 310k sats.
QTUM seems to be gainin momentum .. MACD lines crossed STOCH RSI oversold with an trend above. With the recent Bitfinex listing its overdue for an pump. Next exchange will be announced early next week. Qtum satellite will be launched within 2017 and many more awesome news. I believe the only reason for QTUM not to breakout already is due to the needed recovery...
Couple of potential scenarios here. I'm relatively bearish on day trades, but waiting of BTC hard fork -> coinciding with potential descending triangle pattern breakout by the top .. .very bearish sign here... Be wise and patient... Don't engage more than what you're ready to lose.
Qtum completing a symmetric triangle. Likely to move higher soon.
QTUM/BTC - BUY now for FREE meal BEST enter point @ 0.00235-0.00250 A lot of good news soon SWAP completed, listed BIG exchange soon. For FREE VVIP Private Signal, add Telegram/Twitter @Rex8313
QTUMBTC: simply will go up on wave 5 And target zone as chart show. Do not short it unless the trend line broke. Less is more!
QTUM doing elliot wave + some head & shoulders action. Listing to new exchanges + main net launch should help QTUM to triumph and reach elliot waves 3 and 5 sections.
Another 25% to be made, buy on break out Fundamental: Swap gonna be done soon More big exchanges coming New wallet UI
QTUM has entered an ascending triangle formation, with a horizontal roof right on the 235 SMA. This formation is usually a continuation signal of a bullish trend, however the moving averages don't look ready, especially with resistance being on the 235. If the triangle supports another bounce, then a buy order could be set at the breakout at ~0.0029, with a stop...