QTUMUSD trade ideas
QTUM/USDQtum is looking pretty bearish with a very shallow running flat. Looks like a nice short opportunity.
Qtum retesting uptrendThe RSI rose a bit to much on the 4 h, that is now reset to around 40 from about 70. Qtum is nearing oversold instead of being overbought, its a good place to open a long.
Parabolic incomingQtum has made a small golden cross on the 6 hour, it can make higher highs as soon as BTC stabilizes above 11k.
Qtum respects steep uptrendQtum is the better version of ETH and can use every update ETH makes and process it into Qtum itself. This means that it makes more sense to HoDL Qtum than to HodL ETH. Realisticallly Qtum could se a 5 billion marketcap within 2 years, that would mean that Qtum would rise from 2.50 to 50 usd. It sounds like madness but Qtum can do it.
Daily bullish divWith a nice higher low we can target 3 dollars, at these fearful times for alts its best to buy.
$QTUM 2020-AUG-28QTUMUSD has retraced back to the lower bound of it's rising channel. We saw a parabolic move that broke the top side of the channel; so it's possible we may get a whipsaw reaction that pushed below the channel - however ideally, cooler heads prevail, and this movement can continue.
RSI has dropped below 40; which has historically seen a relief rally off the base of the channel; and with volume remaining consistent, there is nothing to suggest this won't be a continuation of the channel.
#crypto
QTUMUSD Second Chance: Profit=384% SL=64% Reward/Risk > 6:1Second Chance Trade Setup Summary:
Profit targets => 384% = { TP5= 42% + TP6= 72% + TP7= 108% + TP8= 162%}
Stop Loss =64%
Reward/Risk > 6 : 1
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (3.50) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP5= @ 5.00
TP6= @ 6.02 New
TP7= @ 7.30 New
TP8= @ 9.20 New
SL= Break below 3.00
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 346%
Closed trade(s): 346% Profit
Open trade(s): 0% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 1.97 based on 'previous Forecast' at 2020.07.28 :
Closed Profit:
TP1 @ 2.35 touched at 2020.07.29 with 19% Profit.
TP2 @ 2.70 touched at 2020.08.01 with 37% Profit.
TP3 @ 3.00 touched at 2020.08.10 with 52% Profit.
TP4 @ 3.65 touched at 2020.08.17 with 85% Profit.
TP5 @ 5.00 touched at 2020.08.21 with 153% Profit.
19% + 37% + 52% + 85% + 153% = 346%
Technical analysis:
. QTUMUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
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QTUMUSD Second Chance: Profit=384% SL=64% Reward/Risk > 6:1Second Chance Trade Setup Summary:
Profit targets => 384% = { TP5= 42% + TP6= 72% + TP7= 108% + TP8= 162%}
Stop Loss =64%
Reward/Risk > 6 : 1
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (3.50) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP5= @ 5.00
TP6= @ 6.02 New
TP7= @ 7.30 New
TP8= @ 9.20 New
SL= Break below 3.00
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 346%
Closed trade(s): 346% Profit
Open trade(s): 0% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 1.97 based on 'previous Forecast' at 2020.07.28 :
Closed Profit:
TP1 @ 2.35 touched at 2020.07.29 with 19% Profit.
TP2 @ 2.70 touched at 2020.08.01 with 37% Profit.
TP3 @ 3.00 touched at 2020.08.10 with 52% Profit.
TP4 @ 3.65 touched at 2020.08.17 with 85% Profit.
TP5 @ 5.00 touched at 2020.08.21 with 153% Profit.
19% + 37% + 52% + 85% + 153% = 346%
Technical analysis:
. QTUMUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
QTUM/USDQTUM appears to be forming wave one of a new impulse up. I'll update with targets once this first leg fills out
QTUM USD pairHas broken down of a descending parallel channel
I have my doubts the upside will continue and a return down to the middle of the trend is likely
Wouldn't recommend selling if you are long, however.
