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Qtum / Bitcoin

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QTUMBTC trade ideas

Analytics QTUM/BTCThe project has big plans for the future obviously. It’s indicated by today's coin listing at Poloniex. However, this did not have a serious impact on the rate. The price is in the zone of interest of the Buyers now. The historical chart shows that it was a powerful growth momentum at this level. This asset is very fast – it’s growing and falling rapidly. The resistance levels indicated on the graph are very weak. The chart shows only two zones where the price was delayed: 0.001873-0.002167 0.000707-0.000650 Pay attention to how the trade in these areas: an asset with very high risks, so do not forget to put stops in both directions. We remember that there are two levels where the price fell in an upward trend. 0.000400 0.000200 The rate of the coin is smooth, which should alert even more - the price can move powerfully in any direction.
by ZOGRAS
QTUM - break out approachingQtum is still falling but the recent signs are encouraging for the bulls. The price action has been declining for three months now as the trend line keeps the price below it. Since the beginning of May, Qtum is creating lower lows and lower highs, which means a downtrend is taking place. However, it is testing the trend line more often now which is one of the signs of an incoming breakout. If that happens and the price closes above the trend line, it is expected to see higher price in Qtum in the coming days/weeks. The first resistance to be tested is 23.6% Fibonacci retracement, followed by the 100 DMA around 0.001320. Any move below the trend line again is a signal that a false breakout has occurred.
by WhaleAgents
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