QTUMBTC trade ideas
[QTUM/BTC] %50 + ROI POSSIBLEPrice hit support line, there's a possibility we might see a price spike in price.
Stop loss;
6000 levels.
Sell target:
11000 levels.
QTUMBTC: the rise of the altsQTUM among some other altcoins provides a great opportunity for solid gains in a couple of months. With respect to bitcoin it is at the historical low of around 0.00062. The long position in QTUM now is rather similar to a long leveraged position in bitcoin, but with buying QTUM you wouldn't be risking of being liquidated if its price will drop even lower. As an option this could be easily improved by placing stop order at around 5% lower from the the entry point. However, one should be careful with that, because the volume at the moment is relatively low, so tight stops are way too sweet targets to collect before the rise.
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.
Qtum Divergence Trading Opportunity 50-200% Profit TragetPossible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS
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QTUM/BTC//Patron CRAB/search(PRZ) area of supports/DivergenceQtum is forming CRAB pattern extended miu interesting in levels of reversion zone
we hope to have a reaction from the alcoins .. in the coming weeks
make positions. staggered
week full of profit- (comment) your technical / fundamental point of view
Greetings friends
$QTUM, Channelecption…
Weekly
Looking at our trend timeframe we see price continuing in normal downtrend behavior. Qtum has now reached it’s last major support o major exchanges according to tradingview. Looking for a weekly reversal at this level, if no reversal sitting on hands until we see a weekly reversal for BTC.
QTUM is in a falling wedge - reversal is comingSeven months have passed since QTUM entered a downtrend on the higher timeframe. The series of lower highs and lower lows has created a falling wedge and trapped the price action within it. A falling wedge is a reversal pattern. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. The price action stays trapped for a longer period of time within the wedge and a huge amount of energy is accumulated, waiting for the price to break out of the wedge and collect all stops. In addition, the RSI on the H4 chart is deeply oversold, which adds more weight to the potential bounce in the coming days. If the price breaks the wedge and starts rallying, look for a test of both 100 and 200 MAs on H4 chart as well as two horizontal resistance levels that acted as support in the past. The coin is so oversold that a potential reversal offers a great R:R for the traders. Any long position must be protected with a stop beneath the wedge support.