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Qtum

QTUM - A Quantum Leap Forward After Another?Interestingly, after an intense rally up to $31 last night, BITTREX:QTUMUSD seems to be consolidating pretty well. It's always hovering above $27 USD which serves as a support level at this point. Here, we can see that a pennant is forming hence the spike in price when it broke out but dropped back inside due to low volume. It's going to be interesting to see what would happen in the next few hours. Will BITTREX:QTUMUSD undergo a major correction or is another quantum leap awaiting for us?
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by ErnestEA
4
QTUM -- Waking UpAfter a double-bottom bounce at $9.78 one week ago, QTUM is currently on a week-long bull run, reaching prices as high as $19.78, which is well within striking distance of the all-time-high. Large upper wicks of profit taking could indicate antsy token holders –those who bought near the all-time-high, have been disappointed by the price action, and are looking to recoup their losses. We’re nearing overbought conditions on the daily time frame, and I expect a modest pullback before QTUM continues its upward trend. This is also indicated through the MACD on the 4 Hour timeframe, nearing a bearish cross in moving averages. Despite those bearish indicators, QTUM is solidly above the 200 MA on all timeframes thanks to this week’s run, and the bulls seem to be in control for the foreseeable future. QTUM is currently sitting on the 0.786 Fibonacci retracement level (~$17.64). These levels are notoriously shaky, and rarely hold, except to launch price higher in the event of a larger bull run. A close above $18.65 with significant volume would indicate such a bull run. If the 0.786 does not hold, I expect QTUM to retrace to the 0.618 Fib level (~$15.96) with some possible support around $16.41. The 0.618 Fib has been a critical level for QTUM, acting as resistance since the major dump this past September, and I would be surprised if we broke it now that we're so solidly above it. If we do break below the 0.618 Fib level and the soft support of $15.72, we could be looking at a much more serious correction that could reach as low as $12 or $13, where our last major support was on this phenomenal (and hopefully continuing) bull run. I do not expect a full retracement to last week’s low of $9.78. DYOR, TNFA, etc. www.minervaminingco.com
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by fittsjk
QTUM: My Body is Ready.BITTREX:QTUMBTC 2.80% has been in a downtrend for quite some time but is primed for a trend reversal. On the larger timeframe, it becomes clear that the downtrend is becoming weaker and QTUM may have completed the last impulse wave in the trend. That combined with the moving average congestion and Bollinger Band compression would seem to suggest a strong move is upward incoming. This would be a great place to pick up some QTUM for a long term hold. Optimal Entry: 0.00115 - 0.00118 (Waiting for break above 0.00123 is also an option) Update with targets and TP's soon once move becomes clearer.
Long
by myceliium
1
Qtum Buy OpportunityThe price is at the support zone which can stop and reverse the market. The bullish divergence gives a trend reversal signal. MACD supports upward movement and DMI allows opening long trades. Pending orders for buy can be placed at 0.028500 level. Stop orders should be placed at 0.026500 level. Profit targets are 0.035000 and 0.042000 levels. If the price breaks the downtrend line, we'll get an additional signal confirming the trend reversal. The market has potential for good upward movement.
QLong
by DLavrov
24
Qtum forming a complex H&SQtum ratio is forming a complex H&S while getting close to the downtrend line. Volume has been up lately and we could see the price breaking upwards. Pending orders must be placed right above the H&S neckline. PT would be the depth of the head (head low to neckline) added to the breakout price which will be about 0.0025 BTC. Of course this all depends how the entire crypto market acts in the following days. P.S. If you are interested in getting trading signals of RSI and MA crossovers automatically on your phone, checkout Coinograph Bot and Chanel on telegram (t.me and t.me)
Long
by unbound
1