QTUM/ETH might bounce on support and break out of channel
QTUM has been on the decline against ETH for the past 2 weeks, and has currently reached a support level (0.023450) that has been tested around December 13 (just before a run-up) and on March 18th (just before a +45% day).
The price is currently bouncing on this support level, and is about to test the upper trendline of the downward channel started on April 30th.
A breakout might result in a pretty profitable run up like the ones that happened on March 19th or December (you wish!!!).
The price is currently bouncing on this support level, and is about to test the upper trendline of the downward channel started on April 30th.
A breakout might result in a pretty profitable run up like the ones that happened on March 19th or December (you wish!!!).
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.