Qtum
Qtum , A Long-Term Buy Opportunity in QTUMUSD .Technical analysis:
QTUM/DOLLAR is in a Down Trend and beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 44.
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (22.68 to 15.63), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (22.68)
Ending of entry zone (15.63)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
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TP2= @ 42.00
TP3= @ 57.74
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QTUM left the negative trend channelNot surprisingly QTUM has also left the negative trend channel as almost all other big coins have done before.
QTUM is a token with an own blockchain, not comparable for example with OmiseGo - they untilize the Ethereum-Blockchain and they haven´t yet launched their own coins / tokens; they will do sometime in the future.
One rumour tells that the QTUM-Blockchain has been launched into space with the last chinese rocket. The QTUM-Blockchain shall be efficient for space-works. And the space isn´t regulated at time. Don´t know if it´s true, but it´s a funny story.
Technically QTUM has fallen within the negative trend channel, as other coins did. So there is much correlation. On the other hand one can see that it is more correlated to ETH than to BTC (in the downtrend) - with less volatility.
In the uptrend the correlation was less given. So this could give an example for future development.
We have seen two big pumps into QTUM. First on dec 15, second on dec 18. On the end of the crash both events have been neutralized.
The last movements weren´t driven by volume. In the contrary, the price rose even with very poor volume.
RSI and MACD are in positive terrain, not overbought, not euphoric, not much momentum.
The price of QTM has upbroken the fib retracement (78.6%) - which has been a swing trend line as well - and arrived at the upper limit of an ascending triangle.
The question is, will it has enough dynamic to break through this line? This would give a buy signal.
Or will it stay within the triangle another day or two?
Or will it even break down the triangle, under the current support-leven? In this case hold your assets.
Worse case scenario: it falls back to the negative trend channel and below support at fib retracement 23.6% (27.46$). In this case all the temporarily positive movement is lost and we have to wait for a new buy signal.
(fib in uptrend: continuous line / fib in downtrend: pointed line)
QTUM Looking for 004 with Stop set at 0026 #QTUM #BTC #cryptoI'm optimistic (bullish) on QTUM long-term. In the short-term, I have my eye on the 0.0026 price point. Anything below that point, I will sell my position and look to reenter below 0.002. In the other direction, I'm looking for breaks of the Fib retracement and extension levels with an eye on the momentum to the yellow line. That's where the Fib retracements and extension agree. Will look to take profits there unless we are rejected at the resistance points a bit lower.
Dotted horizontal white line = Fib retracement set between 7-28-2017 and 8-10-2017.
Solid horizontal white line = confluence of Fib retracements beginning 7-28-2017 and 12-8-2017.
Yellow horizontal line = Confluence of Fib rt (7-28-2017 to 8-10-2017) AND Fib rt (8-10-2017 to 12-8-2018) AND Fib ext (12-8-2017 to 1-7-2018)
Solid white vertical line = Fib time zones (12-8-2017 to 1-7-2018)
Qtum Looks Set For A RallyThe last two months the price of this digital asset remains in the accumulation territory. I expect that within a few days Qtum's price will grow by 15-20%, which means that the coin will again face strong resistance level at the price range of 0.004. If you look at the daily chart, you will see that the popular indicator MACD makes a bullish crossover that will also push the price to the resistance level. At the same time on the 4H TF this indicator doesn't feel confident which show us the possible bearish crossover and it must be a fake signal. Qtum's RSI is far from oversold and overbought territory, which allows room for further flat trading between support and resistance level.
QTUM/BTC Prediction for sure!There`s consolidation right now. So, it`s time to buy for low price.
Buy Zone:
First Buy 0.003901 - 0.0029 BTC
Second Buy 0.00408 BTC
STOP:
0.00261 BTC
Upcoming Events:
During January 2018 - Listing on COBINHOOD
02 February 2018 (or earlier) - Satellite Node Launch
Good coin for good trade!
The slow Ascending triangleQTUM is slowly but surely forming an ascending triangle, entering now would not be a bad idea.
This coin has a strong resistance line at 0.04 but we should be able to break it... eventually.
This will take about 1 or 2 week to materialise.
As always, RSI and EMAs will be king, but also volume. Once volume start to build up, we will know when the breakout is about to happen
#QTUM looking for correction for buying opportunity.#QTUM has been going very smoothly, if you bought off my old QTUM signal it went 5.25x initial investment.
We are looking for QTUM to correct and gain support at the 618 on the fib. When it does, and support is confirmed it will be a good buying opportunity.