Qtum
QTUMUSDT - Inverse head and shoulders trend reversal pattern 🔼Analysis 🔎: QTUMUSDT is printing the inverse head and shoulders trend reversal pattern on the weekly timeframe. This is a bullish pattern.
RSI is printing a bullish divergence signal.
Potential breakout.
Buy entry ⬆️ - breakout above the inverse head and shoulders neckline resistance.
Targets 🎯 - horizontal resistance levels.
Setup invalidation ❌ - breakdown below the right shoulder support level.
Growth potential up to 900% based on the giant triangle patternI have been monitoring the price movement of this chart for about a week
First, it broke the falling wedge pattern in the lower timeframes
This led to the breaking of the triangle pattern which restricted price movements for four months
then it pulled back and placed on the support area
There are many support levels in this area
The price is right above sma50, sma200 and ema200
I do not write much because no one likes to read
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There are several target :
target 1 : fib 1.618 ( about 4 usdt )
target 2 : fib 2.618 ( about 5.5 usdt )
target 4 : fib 3 ( about 6 usdt )
target 4 : 25 usdt ( Based on the massive triangle pattern )
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Sincerely, Little Bob
✳️Qtum/USDT (12/11) View + Trading Plan #QTUM $QTUMQTUM has conquered the 2$ zone and made it becom a strong support zone for QTUM.
QTUM is heading to 2.6$ zone and 3.5$ zone
The risk only occurs when the QTUM falls out of the 2$ zone, but the probability is not high.
📈BUY- LONG
-Buy: 2-2.1$, stoploss if B
📉SELL-SHORT
-Sell: 2.6-2.7$, stoploss if A
-Sell: 3.4-3.5$, stoploss if A
♻️BACK-UP
-Sell close to 2-2.1$ if B, stoploss if A
-Buy: 1.6-1.7$, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
QTUM Pump coming Prepare yourselfQTUM has announced the first DeFi project on the QTUM blockchain. The team announced that soon new DeFi project will release on the QTUM chain. QTUM has big news coming in December and has a lot of development updates. The chart also looks good and we see a clear breakout from the downtrend.
Buy Zone: 1360-1390
Target: 1550-1730-1980-2250