QTUM has been on the decline against ETH for the past 2 weeks, and has currently reached a support level (0.023450) that has been tested around December 13 (just before a run-up) and on March 18th (just before a +45% day).
The price is currently bouncing on this support level, and is about to test the upper trendline of the downward channel started on April...
BB band is squeezing so hard and this indicates there will be some big movements in these few days. Coincidently, it is now squeezing into a symmetrical triamgle, just FYI, a symmetrical triangle is a continuation pattern in the graph, so there is a high probability we might see a breakout from the triangle. Again, it is not financial advice, just a random stupid...
We have been ranging for quite a while on this pair and have not hit the 50% fib retrace and support level at around 0.0460. I expect price to touch previous ATH and potentially break this for a new ATH
