QTUM/USDT - 27.08.22 Market Update
Hello Traders!
QTUM continues to drop. The price has tested the resistance level of $5.00, where it met the seller's reaction.
Based on the analysis of senior timeframes, we can assume one more wave of decline. We can expect the culmination of the downward movement near the support level of $1.60.
It is possible to consider medium-term purchases in the $1.60-1.96.
The targets will be the levels of 5.00 and 7.32
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
QTUM continues to drop. The price has tested the resistance level of $5.00, where it met the seller's reaction.
Based on the analysis of senior timeframes, we can assume one more wave of decline. We can expect the culmination of the downward movement near the support level of $1.60.
It is possible to consider medium-term purchases in the $1.60-1.96.
The targets will be the levels of 5.00 and 7.32
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
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.