Qtum
QTUM/USDT - LONG - POTENTIAL 16%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: QTUM /USDT
T/F: 1 HOUR
LENGTH: MEDIUM
RISK - MEDIUM
ENTRY: 1.976
TP1: 2.069
TP2: 2.160
TP3: 2.312
BONUS TP - 50%
SL: 1.879
NOTES:
- UPTREND
- SUPPORT BREAKUP CANDLE
- STRONG SUPPORT ZONE
- BREAKOUT TO PULLBACK ON SUPPORT ZONE
- STRONG SUPPORT REJECTION CANDLE
KEY:
BONUS TP - IT COULD CONTINUE TO RISE TO A SIGNIFICANT HIGH ALTHOUGH IT IS EITHER VERY LONG TERM OR A HIGH RISK TARGET. RECOMMENDED TO FOLLOW BY SECURING PROFITS WITH TRAILING STOP LOSS.
LENGTH:
SHORT = 1-2 DAYS
MEDIUM = LESS THAN 1 WEEK
LONG = > LESS THAN 1 MONTH
INVEST = MORE THAN 1 MONTH
RISK:
LOW = EG. STRONG SUPPORT // MULTIPLE BOUNCES // STRONG UPTREND // OVERSOLD // BREAKOUT > PULLBACK > SUPPORT // REJECTION CANDLES
MEDIUM = EG. BROKEN SUPPORT // TREND REVERSAL // CONSOLIDATION
HIGH = EG. NOT FULLY BROKEN SUPPORT // OVERBOUGHT // OVERLY MATURE UPTREND
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am
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This takes us to the moon.
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QTUMUSDT AnalysisI am mostly positive about Qtum. There is a moon signal and Engineering Robo's cloud is green, indicating it is time to buy it. In addition, the MA 20 and MA 50 lines have crossed, and the blue line has just started to go up, indicating that it is a good time to buy it. If the candle goes above the 2.5 resistance level, I will buy it.
Don't miss the great buy opportunity in QTUMUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.97). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. QTUMUSD is in a range bound and the beginning of 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= @ 2.35
TP2= @ 2.70
TP3= @ 3.00
TP4= @ 3.65
TP5= @ 5.00
SL= Break below S2
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Don't miss the great buy opportunity in QTUMUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.97). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. QTUMUSD is in a range bound and the beginning of 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= @ 2.35
TP2= @ 2.70
TP3= @ 3.00
TP4= @ 3.65
TP5= @ 5.00
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
QTUM cryptoLet's have a look at QTUM. It is on a verge of breaking out of huge falling wedge dating back almost two years (or just broke out if we measure out the vicks). What cought my eye was the significant increase in volumes on a weekly time frame. As some would suggest it has peak selling off and those usually happen before trend reversal.
Some positive news of offline stacking and other improvements in Q2 and Q3 are announced. More info at QTUM page.
I would still be coutious and wait for a confirmation for those who are super conservative, others who are a bit more liberal might start to buy in small parts.
I would go 10-25% and ladder down all away to a major support as it may also break down of the falling wedge (less likely to happen).
I would also buy into strength if it broke out to the upside.