QTUM -- Waking UpAfter a double-bottom bounce at $9.78 one week ago, QTUM is currently on a week-long bull run, reaching prices as high as $19.78, which is well within striking distance of the all-time-high.
Large upper wicks of profit taking could indicate antsy token holders –those who bought near the all-time-high, have been disappointed by the price action, and are looking to recoup their losses.
We’re nearing overbought conditions on the daily time frame, and I expect a modest pullback before QTUM continues its upward trend. This is also indicated through the MACD on the 4 Hour timeframe, nearing a bearish cross in moving averages. Despite those bearish indicators, QTUM is solidly above the 200 MA on all timeframes thanks to this week’s run, and the bulls seem to be in control for the foreseeable future.
QTUM is currently sitting on the 0.786 Fibonacci retracement level (~$17.64). These levels are notoriously shaky, and rarely hold, except to launch price higher in the event of a larger bull run. A close above $18.65 with significant volume would indicate such a bull run. If the 0.786 does not hold, I expect QTUM to retrace to the 0.618 Fib level (~$15.96) with some possible support around $16.41. The 0.618 Fib has been a critical level for QTUM, acting as resistance since the major dump this past September, and I would be surprised if we broke it now that we're so solidly above it.
If we do break below the 0.618 Fib level and the soft support of $15.72, we could be looking at a much more serious correction that could reach as low as $12 or $13, where our last major support was on this phenomenal (and hopefully continuing) bull run.
I do not expect a full retracement to last week’s low of $9.78. DYOR, TNFA, etc.
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QTUMUSD trade ideas
QTUMUSD - New bullish trend ?When the price breaks the triangle, a new bullish trend will start. Wait for a candle above $13 for confirmation !
QTUM opportunityQTUM looks like a good trade opportunity in both USD and BTC pairs. USD value is moving in a nice uptrend channel, supported by an all time low heavily oversold pair with BTC:
I think the next couple of days could provide a good return, especially since most alts have pumped today, and QTUM is still neglected. My guess is tomorrow will be the opposite.
watch out for this level!Crucial point for the QTUM and i think a currency with such values should really not fall after such a horrible day for most of the key cryptos and hopefully this isnt one of them scenarios where it ignores everything technical and just keeps falling then we're doomed with this currency and immediately sell at break of the support!
QTUM/USDQTUM Will break up soon with support XABCD Pattern and MACD . Pending order buy in 11.5 - 12.00 with profit target 15.6 and 23.5 . Stop lose : 10.5
qtum getting interestingqtum has been in a range as you can see on the right chart which is daily. Appears on the shorter time frames its trying to break out but with this long and strong of a range on the larger time frames i would only buy a breakout of the daily range.
I would expect a big move once range is broken with this long of an accumulation and expect big things out of qtum coming the next 6 to 12 months
you can also day trade this buying at low of range and selling if and only if it fails to break out of the high of range. Don't wanna trade a dollar range and then it breaks out after a month of accumulation and goes for a 50 percent gain.
QTUM Ascending Triangle PatternThis trade is long term trade. Ascending triangle is about to break upward.
One sell target is set.
Rumors: QTUM will be added to new exchanges any time soon!
// Constructive feedback and comments are welcome!
I'll keep updating!
QTUM Bullish Falling WedgeRSI is strong indicator spotting divergences.
Price reversal is in act and the falling wedge pattern is actually support this.
Falling wedge is considered as bullish (up trend market) pattern.
Bullish confirmation is when we break top of the pattern line.
So buy order should set above to this line.
Sell target is around 15 levels.
Some should left for the longer run.
Constructive criticism and comments are welcome.
Yarr
Catching up to doHere we see a clean break out of the wedge on a daily chart - no doubt we are headed higher - at least to test the 78.6
qtum buyThe price broke through the resistance line at 10.7 and I think there is a potential to go up to the level of 12.9-15
I noticed a bullish divergence between the MACD and the price. I see a growth in volume, as well as all oscillators (RSI, MACD and Momentum) made the cross up, which gives me grounds to open a purchase order.
Purchase 11.1
target 12.9-15
stop loss 9.7
QTUMUSD Elliot Wave potentialThis could be an Sub-Elliot Wave. Looks for the retracements to confirm.
QTUM/USD bottoming.We are at the crossroads of channel (A) and (D). Correction from last high bring us to that point where we suppose to see first reversal signal. I would not advise to enter trade at this point, but to see how it will finish current move. Most likely it will be a testing of support.
happy trading.
QTUM USD opportunityQTUM is on a strong uptrend since 9/15 event, ascending range actually on the support with around 12 to 60% possible profits.
Trade ex
Buy long @≈10.10
SL 9.90
T1 12.10
T2 16.50
