QTUMBTC trade ideas
QTUMBTC Trade| Range Pivot|Hidden Divergence|Neckline ResistanceEvening Traders,
Today’s Analysis – QTUMBTC – Testing range midpoint in an extended descending channel , PA is at trend pivot . Breaking bullish will establish a potential right shoulder, breaking bearish will make the immediate target, range support.
Points to consider,
- Trend trading in a channel
- Midpoint (Local support)
- Range resistance (neckline confluence)
- Hidden bullish divergence ( RSI )
- Volume profile in synch with H&S
QTUMBTC has been trending in a channel with the local support being respected, (range midpoint). Holding this area will establish a potential right shoulder in an H&S pattern.
The range resistance is a key pivot ; breaking above this will confirm the chart pattern.
QTUMBTC has a hidden bullish divergence ; price action at current level will confirm its significance.
The Volume profile is in synch with the potential head and shoulders pattern. Breaking the neckline will need volume follow through for confirmation.
Overall, in my opinion, QTUMBTC is at a pivot point in the chart. Price Action here will dictate the next directional move. Breaking bullish will confirm the pattern and trend change. Breaking down bearish will make the immediate target – range support.
What are your thoughts?
Thank you for following my work!
And remember,
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
QTUMBTC Waiting for a breakoutQTUMBTC Waiting for a breakout. Now Qtum is in accumulation
According to Plancton strategy, we can set a nice order
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Cup And Handle ☕️ 🦐A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
QTUMBTC Nice breakout 🦐QTUMBTC did a nice breakout on the recent resistance, and now we are waiting for a retest.
According to Plancton strategy, we can set a nice order
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.