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QTUMUSD

Qtum has surged more than 260% now what next???Hi friends, hope you are well and welcome to the new update on Qtum coin. As it has surged more than 260% and there were two reasons behind that. One was the different signals and patterns were giving clear indications that it is going to make a big move. The second was the two major upcoming events expected on 28th August 2020. First is the offline is staking and a more significant event is the mainnet release. The 260% rally and breaking out the channel: If we move to the live daily chart then we can see after announcement of mainnet release on 21st June the price action turned very strong bullish and broke out the resistance of the channel. And after re-testing the resistance of the channel as support the price action moved more up. Now it can be observed that the priceline of Qtum coin has surged more than 260%. On long term chart the resistance of wedge has been broken out: Now if we switch to the bigger time period weekly chart. Then it can be clearly seen that the price action was moving in a falling wedge pattern. When the release of the mainnet was announced Qtum was already very close to the resistance of wedge. Then it turned more strong bullish and broke out the resistance of the wedge as well. I am not expecting that the priceline will re-test the previous resistance of the wedge pattern as support as it has re-tested the resistance of the channel on the daily chart. Now if we place the different simple moving averages on the weekly chart with the time period of 25, 50 and 100 then price action has also broken out these SMAs. And if we watch these moving averages on the daily chart and include the 200 simple moving average as well then the priceline of Qtum has also broken out all the simple moving averages on the daily chart as well. Now Qtum’s price action has very strong supports of these moving averages on daily and weekly chart. Now there are two possibilities one is the priceline might move down and use the 25 simple moving average as support as it has already been using the 25 simple moving average as support before the next rally. The second possibility is that the price action may use the exponential moving averages with the time period of 10 and 21 as it is retesting these EMAs continuously and move to the upside. Conclusion: Even though the price action has broken out all the resistance levels and having good supports of different moving averages as well and has surged more than 260%. Qtum coin is also having very good backing of two upcoming significant events. But we should take care of the stop loss. For this purpose we can use different simple or exponential moving averages or different other techniques can be used. However, I am not expecting a big correction rally or bearish trend until 28 August 2020.
Long
by moon333
QTUM/BTC (Symmetrical Triangle?)QTUM/BTC -We can see multiple Bullish rejections @ 200D MA on July 27 - Aug 2 -Currently, it is forming a symmetrical triangle -Since May, the price has been in a short term uptrend to date -If there will be a continuation of this pattern -Chances of upside breakout are higher -But I only recommend buying the breakout confirmation -This still a symmetrical triangle, it can go either direction -So waiting for the trendline break will increase your winning
by PolarHusk
6
Don't miss the great buy opportunity in QTUMUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.97). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . QTUMUSD is in a range bound and the beginning of uptrend is expected. =.The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 2.35 TP2= @ 2.70 TP3= @ 3.00 TP4= @ 3.65 TP5= @ 5.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
QLong
by ForecastCity
13
Don't miss the great buy opportunity in QTUMUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.97). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . QTUMUSD is in a range bound and the beginning of uptrend is expected. =.The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 2.35 TP2= @ 2.70 TP3= @ 3.00 TP4= @ 3.65 TP5= @ 5.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
QLong
by ForecastCity
25
QTUMUSDT 3% - 6% Quick Money Long Trade 20200621QTUMUSDT AB-CD Long Trade Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern Timeframes: 15m -11H Signal:Red -> Green Context: Blue -> Green I appreciate your like or comment. Welcome to share your idea here. PM the author for a trial of "9 Seasons Rainbow Multi TimeFrames Pattern". DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions and be responsible for your own investing and trading Activities.
Long
by go8686