$QTUM goes back to its glories days. It has finsihed 5 EW downward. I assume that ABC retracement started from the dip. To be on the safe side, you can wait for long term resistance breakout and confirm that with oscillators and a green candle. After the end of wave C, the next targets will be .0043BTC .0046BTC and .0049 BTC.
QTUMBTC
QTUM - Another Quantum Leap?A bullish pennant is formed once again, similar to the one a few days ago that brought us to $70. Bollinger Band squeeze indicates that it's consolidating and we're looking for a breakout sooner or later. Buyers and sellers respecting the bottom trend line is a very bullish sign as now we have support at around $62 level.
QTUM/BTC falling wedge - Long term investmentQTUM/BTC has broken up a falling wedge in a downtrend (bullish reversal pattern) in the daily chart.
This pattern has been built since mid-August.
The MACD has hit a triple bottom and now looks ready to turn bullish again.
BTC/USD also is currently building a rising wedge in an uptrend (bearish reversal pattern), which can indicate that the price of BTC will correct a little. This will also help QTUM/BTC to rise.
We have recently seen many alt-coins go up into impressive run ups (ADA, IOTA, XRP, ETH, LTC, and so on).
People are psychologically being attracted to strong moves in prices, and QTUM could be the next on the list.
The price is currently testing the 23.6% Fib. retracement measured from the high August 11 (I didn't choose the ATH on August 10 because I think the Fib. levels were not as relevant as the ones I used).
Price is also currently building flags in the smaller time frames (1h and lower), which are bullish continuation patterns.
I think an entry point for this market would be now.
My targets are the 61.8% and 78.6% Fib. retracements, respectively at 0.0034 (around +100%) and 0.0040 BTC (around +135%).
The trade would be considered a failure if price were to re-enter the wedge.
This is not financial advice, this is just my opinion. Any comment is appreciated.
QTUM/BTC Testing ResistanceQTUM/BTC is currently testing long term resistance and is in a good position for a long trade if it breaks out. Some targets are the local high at 0.00192 or the fib extension at 0.00270.
If it does not break resistance, expect price to swing back down to the bottom of the channel.
Qtum is hungry to re-visit the top-laneQtum has been suffering too much on the grown, as last time its been stuggling to surpass 0.04159, but failed
And yet, the owner of Qtum has some big announcement in this month.
see this link: i.redd.it
It is something that would benefit to coin holder, plus the chart is seeking to the top.
Any thoughts and comments ? plz drop it below.
TP1: 0.03320
TP2: 0.04159
TP3: 0.05178
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Hey, if this did help ya, kindly pay me a drink ^^! via these address:
BTC: 1JDs1sEnDfnFYrB7vJqYFLsYtqkkTC5UPc
ETH: 0xa65d892cd26acfc958f3b01d9df050f17776376d
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?
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.
QTUM/BTC OPPORTUNITYHi Seildev here,
Today we're looking at Qtum/btc at a high activity zone around 0.0012 ~ 0.00128.
- Key horizontal area of interest @ 0.001957
- High of 0.0049 to 0.001957 shows Fib 127.2% at 0.001179 (Support 3)
- High of 0.00423 to 0.001957 shows Fib 127.2% at 0.00132584 (Support 2)
- High of 0.00352298 to 0.001957 shows Fib 141.4% at 0.0013515 (Support 1)
If we are to surpass key level at 0.001957 we can set our target at:
- Target 1 @ 0.001957
- Target 2 @ 0.0025
Side note:
- A nice doji candle has also formed Nov 5th
- RSI Divergence
As always trade with a plan and safe trading.
Seildev