I heard some rumors about QTUM (possible partnership with some big name) which motivated me to look at QTUM/BTC chart.
As it can be seen from the chart Qtum is traded in the range 300k-400k sat for some time. Current candlestick suggests a change of the trend and a good buy opportunity. Possible growth to 400k sat which is a strong resistance (upper limit of the rectangle).
If 400k resistance gets broken I expect another leg of QUAT. The targets are 600k and 900k.
As it can be seen from the chart Qtum is traded in the range 300k-400k sat for some time. Current candlestick suggests a change of the trend and a good buy opportunity. Possible growth to 400k sat which is a strong resistance (upper limit of the rectangle).
If 400k resistance gets broken I expect another leg of QUAT. The targets are 600k and 900k.
Note
If it reaches 490 sat I will pick a part of the profit.Note
QTUM is attacking resistance at 40k sat again. If it gets broken the next Fibonacci level is at 45k where we can expect the next resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.