Step #1: Identify at least two Darvas boxes that are on top of each other
The first trading rule is to let the market develop at least two Darvas Boxes. Basically, the two Darvas boxes are showing that the market is starting to move in steps to the downside. So at this point, the market also should be making lower highs followed by lower lows, which is the basic...
QTUM is one of the rare coin that don't double it vaue since the last BTC Dump.
It is moving in parralel channel and is about to break it up with 21% profit. As you can see, there is a strong resistance line that will probably stop the move so it will be our target.
The reversing stochastic is also a good sign of bullish...
I will share my thoughts on the current market situation and any possible targets. You can make your conclusion out of this and make your own decision how to play it!
QTUMUSD: On the 1 hour chart; side way action in a ascending triangle pattern. This can lead to continuation to the downside or break bullish. We need to wait for a pattern break. On the higher...
After a few days of consolidation within this range and after a breakout of the range resistance. I believe the price is making a throwback that may reach 0.5 ~ 0.61 Fibonacci, just before continuing with the new uptrend.
If all this happens I think that a target in the $2.35 is more than valid, and perhaps too conservative.
Am I wrong? ...will see! ✌️
The Qtum price can go up from 1.661 USD to 4.121 USD in 14 Days
The Qtum price can go up from 1.661 USD to 5.990 USD in 3 Month
Information provided is only educational and should not be used to take action in the markets!
For my own reference
- Like other Alts, Many guys already had gone.
- It had made a brutal new historical low with many guys' tear drops.
- Weekly candles looks like it's forming a falling wedge.
: I hope it can make trend reversal here or at the end of the pattern.
Take your own risk & get some money.
QTUM / USD Short-term price analysis
QTUM has a bearish short-term trading bias, with the cryptocurrency still trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that a bearish head and shoulders pattern is starting to form, which could trigger the next bearish move lower in the QTUM / USD pair.