It has borken resistance line and symmertical triangle
It`ll be overbuy soon, so it`ll have short term Retracement
The Retracement will stop at least 1.84USD to 1.76USD
1.76USD is Fibonacci 0.5 of Pumping and Up Trending Line arround
If it support 1.76USD, it`ll be pumping to 2.32USD over (up 30%)
When it can`t support 1.76USD, Dumping will...
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.
This is Qtum daily chart. we are now in a strong support zone which is a great buy zone as well. although there is still chance that bearish isn't over after all but it's a good time to buy some. then we have 2 targets but it is very unlikely that movement breaks the 1st resistant but well who knows what's gonna happen?
pay close attention to the 3 pink...