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Qtum

QTUMUSDT is good for a scalp trade.BINANCE:QTUMUSDT QTUM did have a good raise last days. Today it shows many of bullish sign that makes me confident to give it another try. The bullish signs are including: - Double bottom pattern on daily chart. - MACD, macd line cross up zero line. - The Tenkan-sen crossover the Kijun-sen (of Ichimoku Kinko Hyo). There will have a small pull back of QTUM due to strong Fib. 61.8% resitance decline, there will be a good chance to buy QTUM on next correction. Buy zone: 2.9 to 3.1 (Fib. 50% and Fib. 61.8%) Sell targets: 3.3 and 3.6 Stop-loss: Below 2.8 (Fib. 23.6%) P/S: This is not a financial advice.
Long
by Batrachotoxin
QTUMUSDT shows strong uptrend reversalBINANCE:QTUMUSDT After reached nearish top high at $3.69, QTUM entered a short correction ending up at Fib. 23.6% ($2.22). QTUM has gained its bullish since the start of May 2019, drawn 4 consecutive green candles that gives strong uptrend on indicators, including: + RSI breaks downtrend resistance, as shown on chart. RSI is facing 50 value, which is a bull/bear frontier. + MACD is highly likely have a positive crossover on tomorrow, the histogram meets the zero line will get positive values. + CCI line pierces through the zero resistance, indicates new uptrend. + Bill William's Accumulator/Deaccumulator Oscillator ( AC ) turns positive 3 days ago. Tomorrow will be a good day for QTUM, after it breaks some key resistance areas and enters active mode. The resistances and targets for QTUM in short-term are: + 1st target: Bollinger Bands (BB) mid-line and Fib. 50% at $2.6t they are key resistances (in term of bullish or bearish zone). + 2nd target: Fib. 61.8% and the Kijun-sen at $3.0, they are strong resistances. + 3rd target: BB upper line and Fib. 76.8 at around $3.2, they are weak resistances. + And last short-term target: Last peak at $3.6, a strong resistance. Ideal buy zone and supportances for QTUM is $2.5 and $2.6, which are the MA200 and BB mid-line values. Protective stop-loss for this trade should be placed at $2.3 and belows. Trailing stop-loss should be place after at 3% below each target, after the targets be passed. P/S: Scalp trading between the targets is also a good idea on this market, when BTC dominance is quite high.
Long
by Batrachotoxin
A trading opportunity to buy in QTUMETHTechnical analysis: . Qtum/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 33. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.014950 to 0.013950). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.014950) Ending of entry zone (0.013950) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.017910 TP2= @ 0.020200 TP3= @ 0.023570 TP4= @ 0.028240 TP5= @ 0.037080 TP6= @ 0.051400 TP7= Free
Long
by ForecastCity
2
A trading opportunity to buy in QTUMETHTechnical analysis: . Qtum/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 33. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.014950 to 0.013950). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.014950) Ending of entry zone (0.013950) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.017910 TP2= @ 0.020200 TP3= @ 0.023570 TP4= @ 0.028240 TP5= @ 0.037080 TP6= @ 0.051400 TP7= Free
Long
by ForecastCity
2