QTUM update: LONG bullish confirmationSee my 4 day old analysis here:
Things are looking seriously bullish for QTUM. A simple TA and FD analysis both point towards large mid term gains. Overall QTUM looks worth it to go LONG.
Technical analysis:
~ RSI, DMI & ADX are back to neutral favouring bullish trend slightly
~ Bullish pennant likely to be confirmed:
~~ Price bounced of SMA50
~~ Volume decreasing
~~ Lower highs and higher lows
Fundamental analysis:
~ QTUM listing on BitHumb (world nr.1 crypto exchange) likely to unfold within the next 1-2 weeks: QTUM has the highest volume of all the coins currently not listed on BitHumb
~ Coin swap (switching from Ethereum ERC20 token to their own MainNet token) is ongoing as we speak
~ QTUM staking is around the corner
~ QTUM is known as the Ethereum killer by inside tech savvy
~ Current price is almost 50% below all time high
Trading strategy:
Enter between 0.0027 and 0.0028 range for a small portion of your investment.
Enter the rest when the bullish pennant confirms above the 0.0030 range.
First target @ 0.0035
Second target @ 0.0045
Third target @ 0.0055
Shorting between targets may be profitable if updated TA allows for it.
