Seems like the BTC bull run is over, at least for now. Bear triangle is not a good sign and it doesn't seem like the trend would reverse soon. The fork's closing date on October 25th (estimated) might push the price up once again but I wouldn't bet on that.
If Zcash respects the Elliott Wave theory, then I think first (A-B-C) correction is over and it's starting a new impulse wave. If the first cycle is part of a bigger 1st wave (yellow line) then the next one should be even bigger then the previous one reaching to yellow point 3.
The theory that the 3rd wave is always the longest and correction wave 2 never...
QTUM has the potential to continue it's uptrend. Keep an eye on breaking the triangle pattern over the next hour. If it breaks the upper resistance then it's a potentially good buy. Set your stop loss a bit below the bottom part of the triangle.
Target: 28000 - 28400 resistance levels or if it breaks that even 28800
Buy: 27700 - 27900
Stop: 27600 or a bit below
QTUM is launching it's Mainnet on 13 September 2017. I think there are 3 scenarios:
it reaches but won't break the 0.0036 resistance level
it breaks the resistance level and with the current momentum it reaches 0.00372
at best if could reach the triangle at 0.00384
Since the 1st of August I see a triangle pattern which in the long run is not too...
If LGD behaves similarly as it did previously, this is my prediction for an average scenario.
My prediction is 0.00095 at least. We'll see If it can break.
Best entry: 0.00025 - 0.0004
Good entry: 0.0004 - 0.0006
Bit late & risky: 0.0006 - 0.0007
Risky: 0.0007 - 0.0008
Very risky: 0.0008 - 0.0009
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