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Qtumshort

QTUMBNB window presents opening as altseason wraps upBTC is starting to rally & the consolidation may lead to continuity but for now we're seeing the king retake it's place up on the throne where it belongs...its times like these, when more volume is swapped within a matter of minutes than you'll see during a matter of days-weeks in some bear runs with nonstop sideaways priceaction, where you have to be disciplined & take a breath. Admittedly I should be taking my own advise; though I do often get ahead of myself. I usually don't bother making a publication as I have to monitor my portfolios in real time, but I spotted this one opening that I would be remiss not to share with ya'll as it is quite a good one if you can make your entry/exit in time; accordingly and contingent on the volume, priceaction, and overall market conditions leading to BTC juxtaposed to altcoins; pairings like this are much harder to spot especially when markets are in reversal/retracement. With that being said: TP1: 0.09745 (conservative) TP2: 0.10503 (aggressive) STOP : 0.09050 ITS CRUCIAL that you set STOP losses first & always during moments like this. However, given the huge volume surge; a great opportunity to snipe some extra BNB is present; it's up to you and ONLY you to make the decision whether or not you should seize it. The window is closing, though I would not make any rash decisions...just do your own TA & follow your own head/analysis, I'm simply here to point out the surge in volume & the candlestick projection analytics as presented by the charting above. DISCLAIMER: TRADE SAFELY! PLEASE DO HEED MY WARNING! MARKET VOLATILITY == HIGH!! DO NOT INVEST/RISK (same difference) A PENNY MORE THAN YOU CAN AFFORD TO LOSE! Don't be the idiot who mortgages his house or takes out a bunch of loans/credit cards to go allin FOMO on a bullrun. Trade with your head, not your gut; read my Linkdln article for more on that. - @a1mTarabichi
QShort
by a1mtarabichi
QTUMBTC: Three crucial info to keep in mind The price action for QTUM (QTUMBTC) as shown in this analysis is from December 18, 2017 till present date. Commentary is provided below based on the annotations that are numbered on the chart. (1) ~0.002918 and 0.00243 is anticipated to provide resistance on a breakout to the upside of the falling wedge (diagonal). ~0.00276 (green dotted line) indicates a price level where QTUM previously found support. This gave way to more bearish action on February 20, 2018. Based on the principle that previous support can become resistance and vice versa, further evidence is provided that QTUM might encounter a wall of sellers between 0.002918 and 0.00243 as ~0.00276 is within the region of resistance mentioned above. (2) A falling diagonal (wedge) pattern established since May 11, 2018. This pattern is bullish (albeit not 100% of the time) and any breakout to the upside should be expected to return back to the origin of the wedge which is ~0.00217. This is not too far away from resistance i.e. (1) above. Establishing a long (buy) position as soon as QTUM breaks to the upside of the wedge is less conservative than waiting on a breakout above the wedge and price action moving above ~0.001358. Either scenario is even better if confirmed by bullish momentum. (3) ~0.00102 and 0.00061 marks the support region for QTUM as identified in this analysis. The falling wedge does intersect support region so it is crucial to watch and see what comes up next for QTUM before making any decision especially going long (buy). A break below the lower line of the wedge and also lower line of support (0.00061) implies more downside potential for QTUM.
by Coin_Analyst
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