Qtumusdlong
QTUM - At support $10 - New ATH target of $150 (LT trade)Hi all,
QTUM USD caught our intention due to its sane corrective behavior on top of strong fundamentals on the technology side.
Assumptions:
- Finalizing correction phase
- Doube bottom formation
- RSI at bottom, compressed in the apex of a falling wedge
- Great R/R ratio
Stop Loss: $8
SL to be readjusted to break even after 1st is achieved and so on.
Target profits:
TP 1 --> $28
TP 2 --> $68
TP 3 --> $155
This forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai
twitter.com
QTUM ForecastChart is self-explanatory. One must note the huge resistance at 420,000 price level. However QTUM has much potential which should overcome such resistance in the future.
Events:
16 January 2018 Starbucks Partnership
22 January 2018 Oxford-Style in Davos
26 January 2018 Blockchain Conference
This is not an investment advice, do your own research.
QTUM +38-44% target $92-95 completing within 3-6 hoursTwo formations here. First is the C&H formation with the handle currently forming. This gives us our 44% target.
The handle is also a bullish pennant, which gives us our 38% target.
Overall, looks like it could hit $92-95 within the next 3-6 hours.
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 Falling WedgeBuy on breakout of top of wedge, and rebuy if price tests top of wedge as support.
Will update once I see movement.
