Qtum/BTC Breaks resistance
Updated
Fact 1: Qtum is a top 20 currency with good fundamentals and a huge & active community
Fact 2: For 2-3 weeks now the price was in a sideways move in a channel with a strong resistance at 0.00210 and support tested twice at 0.00188
Yesterday a breakout of the resistance happened. Why I like it:
a. It was happening with significant volume
b. It happened after the Bitcoin crazy run so a coin recovering so fast, it's one which has some bulls behind it.
c. It is retested as we speak with lower volume
I would enter around 0.00218 with the first target at 0.00250,a healthy 14% profit. Still, I really think this one can go much higher of the volume from mid-March will come back.
Comment
The entry level can be seen much easier on 1H graph.Comment
The break didn't happen, but Qtum will still be on my do-follow list.
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