Hi guys,Weekends is when we switch our focus to watch the movement of crypto.
That being said,Qtum is looking ready to shoot up.
The chart speaks for it's self.
Let me know what you think in the chart.
QTUM completes the drop phase approaching the zone of interest of buyers $2.66 - $5.00
It is possible to look for medium-term purchases closer to support levels of $3.79 and $2.66
In case the price of the asset will go below $2.20, the position should be closed using a stop loss.
The targets for medium-term purchases will be price levels of...
WHY I AM BUYING THIS COIN :-
1) the coin is in a uptrend with the breakout of consolidation phase
2) it has moved above its previous high
3) massive volume has been noticed, showing buying interest of investors
4) MOST IMPORANT IS THE RISK:REWARD IN THIS TRADE IS FAVORABLE
let me know if you guys want me analyse any crypto Chart for you all.
who am is Pradhumn...
Following this breakout of a large symmetrical triangle that has been forming on this chart. The chart pattern is extremely high quality with almost no deviations for the past few months. Assuming we close the daily candle above the resistance line I will look to enter on the backtest.
The breakout target is $38 but I think it go even higher...
Yello Line: BUY ZONE
RED Line: STOPLOSS
White Line :TARGET 123
Welcome to this updated analysis on BTC
Let’s get right to it!
This information is to be used for educational purposes only