qtum has been in a range as you can see on the right chart which is daily. Appears on the shorter time frames its trying to break out but with this long and strong of a range on the larger time frames i would only buy a breakout of the daily range.
I would expect a big move once range is broken with this long of an accumulation and expect big things out of qtum...
This trade is long term trade. Ascending triangle is about to break upward.
One sell target is set.
Rumors: QTUM will be added to new exchanges any time soon!
// Constructive feedback and comments are welcome!
I'll keep updating!
RSI is strong indicator spotting divergences.
Price reversal is in act and the falling wedge pattern is actually support this.
Falling wedge is considered as bullish (up trend market) pattern.
Bullish confirmation is when we break top of the pattern line.
So buy order should set above to this line.
Sell target is around 15 levels.
Some should left for the...
The price broke through the resistance line at 10.7 and I think there is a potential to go up to the level of 12.9-15
I noticed a bullish divergence between the MACD and the price. I see a growth in volume, as well as all oscillators (RSI, MACD and Momentum) made the cross up, which gives me grounds to open a purchase order.
Purchase 11.1
target 12.9-15
stop loss 9.7
We are at the crossroads of channel (A) and (D). Correction from last high bring us to that point where we suppose to see first reversal signal. I would not advise to enter trade at this point, but to see how it will finish current move. Most likely it will be a testing of support.
happy trading.
QTUM is on a strong uptrend since 9/15 event, ascending range actually on the support with around 12 to 60% possible profits.
Trade ex
Buy long @≈10.10
SL 9.90
T1 12.10
T2 16.50
In the short term it looks dark. I think it will crash down...
But long term (its not completely established yet) it looks so very very interesting.
This short term Fibonacci circle set in the chart above was drawn a long time ago.
If you click on the linked idea you have proof of that (a private idea though).
Since then it has been verified by the price...
Quantum is added on Bitfinex some days ago and its keep on falling due to BTC Bullish Movement.. Money is flowing into BTC,,As BTC is taking a little nap... QTUM can go big as it is at a strong Support .. R/R is good ..
Good LUCK
