QTUM has broken resistance at the 50-day moving average, and all indicators are bullish. However, it's hitting strong horizontal resistance at 2.35. Closing above this level could signal a big move up. Until it does, I have no interest in it. I expect it to go more or less sideways, possibly with a strong rejection off of the 2.35 level that could offer a buying...
Fractal retracing and fib support levels indicate that QTUM is very oversold. Being a top 30 coin this one has fundamentals behind it to support the tech and a community of followers. This one looks like a smart one to consider.
The bear trend has been broken.
However since the price is going sideways, it needs to be cautious.
Reasonable target would be between $10.00 - $14.00.
Aggressive target would be $21.00
I highly doubt that price could go over $22.00. (it is always possible but I do not see this could happen in high percentage chance)
The support line is $3.10, and if price...
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot appears you buy, if a green dot appears...
Qtum is an open source Blockchain project that is developed by the Singapore-based Qtum Foundation. Qtum is a hybrid blockchain application platform. Qtum’s core technology combines a fork of bitcoin core, an Account Abstraction Layer allowing for multiple Virtual Machines including the Ethereum Virtual Machine (EVM) and Proof-of-Stake consensus...