QTUM is showing signs of another possible break out. After the huge outbreak we had a couple days ago, it is looking like we are consolidating into a downward flag. Even though this is a BIG indicator of upward breakout, I see this going two ways once the consolidation hits POINT 1:
A) If we see another massive BTC 7.49% run that last for multiple days, QTUM will break out below the support line. We'll see a reset down to the support at .0012 and wait to see if another pattern forms.
B) If this BTC 7.49% breakout only last for a few days and we see consolidation in the BTC 7.49% price, QTUM will break out above the resistance line. Look to take profits at .0018 (POINT 2) and .0021 (POINT 3) depending on how the price reacts to the resistance at .0018.
Cheers.