QTUM Cup and Handle: Big Move Up Soon ? $QTUMThe POWR trade worked out perfectly. Another nice bullish setup can be seen on the on the QTUM chart. Looks like a good time to enter a trade. Great Risk/Reward ratio too.
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Qtum
QTUM ENTRY AND EXIT (POTENTIAL 104%) WITH RISK OF 2-3% (RR 1:14)QTUM ENTRY SHOWN IN GREEN REGION
STOP LOSS BELOW GREEN REGION
TARGETS AND EXIT IN BROWN AND RED RESPECTIVELY
I BELIEVE QTUM MIGHT BE VERY BULLISH WITH A POTENTIAL PROFIT OF 104 % IF PLAYED PROPERLY
WEEKLY LONG SQUEEZE AS WELL
SITTING AT SUPPORT RIGHT NOW VERY CLOSE TO ENTRY
Waiting for that BOOM!Looking at LBCBTC 1D
Sitting at the bottom of the range
Also sitting on the POC
2 very nice notched in VPVR that needs filling
Very healthy OBV with positive flow
Willy not yet stupidly over sold
Would like to see some divergence in histogram
Broken out of downward trend
Target is the 382 fib which is former resistance
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QTUM Weekly Momentum Up + SqueezeWeekly momentum up during a weekly squeeze.
If price trades above the dotted pink a bullish move up to higher targets is possible (highlighted by pink arrows).
I would keep an eye to see if QTUM makes higher weekly lows + whether weekly squeeze fires long (stops squeezing).
QTUM looks to be shaping up for a sweet Valentines day QTUM is a Chinese coin that's designed to integrate the BTC and ETH blockchains, it's in the top 30 market caps, and in addition to having a working product the code contributions haven't fallen off completely.
All the same, the fundamentals of any of these alts may or may not mean jack shit. Plenty of seemingly decent products die every bull cycle and never see daylight again. Temper any optimism you may have, as pure hype has been the #1 fundamental for any of these shitc- er....altcoins thusfar.
So, looking at the TA it's been ranging in around it's ATL long enough to just barely eek out a cloud twist on the 1D. The PA will encounter the bull Kumo in mid-to-late Q1, giving QTUM the potential to be a superb Valentines day surprise. Setting up orders at the bottom of the bear Kumo on up to the green box could be a prudent setup for a position trade.
While this bear market is slowing, it isn't over by a long shot and QTUM; like nearly all alts, makes its big moves on the back of the crypto 'blue chip': Bitcoin. While some coins, like WAVES for example have made large moves independent of BTC, the price history of QTUM doesn't suggest this is likely, even though it has had some bullish action lately and the ATR is showing a bullish-ish signal.
As always none of this is advice, merely observations at most. Keep that risk management heavily in mind, especially playing the hype-based alt markets .
'If you ain't makin' mistakes, you ain't makin' decisions' -Ace Amin
A trading opportunity to buy in QTUMBNBTechnical analysis:
. QTUM/BINANCECOIN 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 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.39500 to 0.32470). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.39500)
Ending of entry zone (0.32470)
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= @ 0.48070
TP2= @ 0.54410
TP3= @ 0.67870
TP4= @ 0.79280
TP5= @ 0.92970
TP6= @ 1.02900
TP7= @ 1.20550
TP8= @ 1.38640
TP9= @ 1.64630
TP10= Free
QTUM/USD - %50+ ROIChart says it all;
Support line has been strong for months now, expecting price to reach resistance line (upper yellow line)