💡Don't miss the great buy opportunity in QTUMUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (11.556).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. QTUMUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 13.764
TP2= @ 16.298
TP3= @ 18.691
TP4= @ 22.610
TP5= @ 26.527
SL= Break below S2
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Qtum
LONG QTUM/USDTQTUM looks good to buy here. Bouncing back from the lower trendline where we also have the 200 days moving average. Expecting a profit of 10% to 15%.
You can start accumulating from $9.86 to $10.31.
SL will be at $9.602
Target 10% to 15%.
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own research before taking this trade.
Like and comment.
QTUMWhat Is Qtum (QTUM)?
Qtum (pronounced ‘“quantum”) is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoin and Ethereum in one chain. Qtum is built on Bitcoin's UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications. As of March 2021, there are more than 20 tokens created on the Qtum blockchain.
To learn more about this project, check out our deep dive of Qtum.
The project was announced in March 2016 and held an ICO a year after, in March 2017, which brought its founders $15 million USD. The Qtum main chain was released on Sept.13, 2017. Initially, the Qtum coin was issued as a ETH-20 token, but with the launch of the mainnet, it was converted to native blockchain.
Qtum to 20 usd Qtum is an open sourced public blockchain platform, leveraging the security of UTXO while enabling multiple virtual machines including EVM and ARM VM. Qtum is PoS based and boasts a Decentralized Governance Protocol (DGP) allowing specific blockchain settings to be modified by making use of smart contracts. For instance, the block size of Qtum can be increased without the need of a hard fork.
Smart Contract
Proof of Stake
Value Transferring
The Next Gen Computing ETF is still in a bull run.I think we are living the third minor wave of the fifth intermediate wave of QTUM. If the low for the intermediate correction (3 -> 4) is priced in, QTUM needs to trade above 46.45 USD at all times. If the low is NOT priced in, we are still under this correction. The yellow box is the price objective (range 0.382 -> 0.618 Fibonacci).
Either way, as long as QTUM trades above 39 USD (0.619 Fib retracement from intermediate 2), higher prices must be expected.
QTUMIt has been stuck in the resistance area for the past 3 days
If it pass, will reach the target
Given the market climate and the shape of the Ichimoku cloud, I expect the resistance to break in the near future
And go to the specified target
If the market has a temporary decline, the best areas to buy are the yellow box
QTUM/USDT Update: Explosive move directly to first TargetQTUM did break above the 7.5$ line and formed a consolidation bullflag which broke upwards as well.
We now reached the first target zone defined by 11-12.5$.
Looking at this strong move we expect some consolidation before we break into and through this target zone.
We closed some part of the position and did take partial profits.
Once we move above 12.5$ we maybe get back in for the ride to 25$.
Daily chart on the left hand side:
- We see a strong recovery which could take some more weeks according to the current price position and the recent ATH.
- There is a volume spike with a strong price move. --> We expect some cooldown.
- On the RSI side we passed the 70 line which is a warning flag that we go up very fast.
There could be some resistance on the RSI side was well as indicated by the orange line.
4h chart on the right hand side:
- We see a golden cross indicated by the yellow camera.
- The RSI is above 80 in the overbought. So be careful.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
QTUMUSDT Symmetric TriangleQTUMUSDT Technical analysis Update
QTUM/USDT currently trading at $8.00
Symmetric triangle breakout
Buy level: $8.00 -$8.15
Stop loss: $7.80
TP1: $8.35
TP2: $8.50
TP3: $8.80
TP4: $9.40
Max Leverage 3x
Always keep Stop loss
Note: please do your own research before investing. Never invest money that you can't afford to lose.
QTUM/USDT Consolidation before the relief breakout?QTUM consolidates between the 4.8 support line (green) and the 7.5 resistance line (orange).
Currently we even can draw falling triangle (yellow line).
On the right hand side we see that price action currently moves between the 200ma and 50ma.
One we break through the 200ma we expect a relief rally with higher highs and higher lows.
The RSI on the daily chart on the left hand side shows that we are moving upwards where a higher low was printed indicated by the yellow line.
Currently we stay neutral until we get the upwards breakout.
Volume so far declines which means we have no indication here for a nearby trend reversal.
So let's see and hodl.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
QTUM: Triangle frustration before a big moveQTUM is showing why investing in a triangle breakout can be frustrating. When you think you have identified a triangle (see teal), you buy at the breakout only to find out there is a bigger triangle taking place (see green)... Either cases point to higher prices in the upcoming days but it is easy to be stuck with a losing trade in the very short term.
Qtum (QTUM) - July 7Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(QTUMUSD 1W Chart)
If the price is maintained above the 8.10657467 point, we expect the uptrend to continue.
(1D chart)
We'll have to see if we can get support by climbing to the 7.56184295-9.73755274 section.
If the price is maintained in the range of 9.73755274-14.08897260, it is expected that the upward trend will continue.
However, it is expected that the upward trend will be accelerated by breaking out of the downward trend line.
If it declines from the 5.048232 point, it is expected to enter the mid- to long-term investment zone, so careful trading is required.
------------------------------------
(QTUMBTC 1W chart)
It remains to be seen if it can move above the 23730 Satoshi point and turn into an uptrend.
If the price continues to rise above the 46500 Satoshi point, a move to create a new wave is expected.
(1D chart)
If the price is maintained in the 20230 Satoshi-26850 Satoshi section, it is expected to turn into an uptrend.
If it falls from the 16920 Satoshi point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy for profit as a support point or section
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
🆓Qtum (QTUM) July-4 #QTUM $QTUMQTUM is holding onto the $7 support area and it could continue its uptrend towards the $9 and $11 zones this July. However, if it loses this $7 zone, the $6 and $5 zones are still very reliable to consider buying.
📈BUY
🔴Buy : 6.8-7.2$. SL if B
📉SELL
🔴Sell : 8.8-9.2$. SL if A
🔴Sell : 10.7-11.3$. SL if A
♻️BACK-UP
🔵Sell : 6.8-7.2$ if B. SL if A
🔵Buy : 5.85-6.15$ if A. SL if B
🔵Buy : 4.85-5.15$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
QTUM/USDT Regaining the 200MA after Bitcoin initialized dropdownQTUM did break through below the 200MA initialized from the Bitcoin drop.
Now QTUM is in recovery mode to gain the 200MA back as support.
The previous support around 4.5$ did hold and the next target is the lost 7.7$ line.
As a major proof of stake Blockchain QTUM should have a great 2021.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.