Qtum / BitcoinLong
QTUM update: LONG bullish confirmation
See my 4 day old analysis here: 
Things are looking seriously bullish for QTUM. A simple TA and FD analysis both point towards large mid term gains. Overall QTUM looks worth it to go LONG.
Technical analysis:
~ RSI, DMI & ADX are back to neutral favouring bullish trend slightly
~ Bullish pennant likely to be confirmed:
~~ Price bounced of SMA50
~~ Volume decreasing
~~ Lower highs and higher lows
Fundamental analysis:
~ QTUM listing on BitHumb (world nr.1 crypto exchange) likely to unfold within the next 1-2 weeks: QTUM has the highest volume of all the coins currently not listed on BitHumb
~ Coin swap (switching from Ethereum ERC20 token to their own MainNet token) is ongoing as we speak
~ QTUM staking is around the corner
~ QTUM is known as the Ethereum killer by inside tech savvy
~ Current price is almost 50% below all time high
Trading strategy:
Enter between 0.0027 and 0.0028 range for a small portion of your investment.
Enter the rest when the bullish pennant confirms above the 0.0030 range.
First target @ 0.0035
Second target @ 0.0045
Third target @ 0.0055
Shorting between targets may be profitable if updated TA allows for it.
Things are looking seriously bullish for QTUM. A simple TA and FD analysis both point towards large mid term gains. Overall QTUM looks worth it to go LONG.
Technical analysis:
~ RSI, DMI & ADX are back to neutral favouring bullish trend slightly
~ Bullish pennant likely to be confirmed:
~~ Price bounced of SMA50
~~ Volume decreasing
~~ Lower highs and higher lows
Fundamental analysis:
~ QTUM listing on BitHumb (world nr.1 crypto exchange) likely to unfold within the next 1-2 weeks: QTUM has the highest volume of all the coins currently not listed on BitHumb
~ Coin swap (switching from Ethereum ERC20 token to their own MainNet token) is ongoing as we speak
~ QTUM staking is around the corner
~ QTUM is known as the Ethereum killer by inside tech savvy
~ Current price is almost 50% below all time high
Trading strategy:
Enter between 0.0027 and 0.0028 range for a small portion of your investment.
Enter the rest when the bullish pennant confirms above the 0.0030 range.
First target @ 0.0035
Second target @ 0.0045
Third target @ 0.0055
Shorting between targets may be profitable if updated TA allows for it.
Related publications
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.
Related publications
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.