$QTUM is inside a strong support zone and touched 0.5 fib level of AB.
if price stay above the lower line of this zone, it is possible to start another rally to 2 fib level of BC that is around $21.
and if price touch the lower fibonacci levels of last swing high (AB) then the targets of next swing high will be lower too.
Qtum which I like to think as Quantum :) "replaces traditonal contracts between parties, build Decentralized applications, trustless transactions between parties, freedom of payments, counterfeiting impossible, fraud resistant, combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM)", (by...
This Structure looks absolutely beautiful. Just came down from a BTC Pullback and now at a perfect entry. Inefficiency between here and the target meaning it should fly over the coming weeks without much turbulence. Good Luck and use your own analysis for confluence.
$QTUM has popped up on our sniper radar! So we feel its necessary to do a TA on it!
There are 3 areas of support where we will be looking for rejection with volume. Prices have been edging higher with accumulation building up.
This is one to watch so keep your eyes peeled! Our VIP snipers know exactly how to capitalise on this one! Our last $QTUM...
Price is in a symmetrical triangle. EMA ribbon is working as support as price is bouncing off of it, also price is moving accordignly with RSI and MACD is showing weakness for bears. I expect price to breakout from the resistance line and once it does we would be entering a trade target the daily supply zone at $17.3.
$QTUM in 4h chart made a parallel channel that we can consider it as flag for continuation of uptrend.
also in weekly chart if price follow AB=CD pattern it will touch $36 or even $47 .
although in short term price will go through 0.5 fib level $16.5 and maybe 0.618 fib level $19.
QTUM looks good to buy here. Bouncing back from the lower trendline where we also have the 200 days moving average. Expecting a profit of 10% to 15%.
You can start accumulating from $9.86 to $10.31.
SL will be at $9.602
Target 10% to 15%.
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own research before...
Entered late in the trend and was stopped out.
Eventually it played out as a falling wedge and gone the other way.
Original idea that the price was in excess and might go down for another leg to the lower support of fair value (bear trend channel) or at least control price, which is dotted line.
It might still do that, the mistake might be too tight...
QTUM is very near to descending triangle breakout, also EMAs crossover has occurred. It depends on your trading style, if you are aggressive trader then you can enter or wait for the retest if you are passive trader. You can also divide your entries and can buy in parts. Possible price action, stop loss, and targets are mentioned in the chart. Good luck and happy...
Last time the bollinger bands squeezed that much, we saw a %33 move to the upside. Now, we have a triangle and squeezed bollingers. I'm longing and my S-L is at 14,375 (below the bollinger and triangle). NOT FINANCIAL ADVICE !