QTUMUSDT.P trade ideas
QTUM looks super bullishQTUMUSDT pair looks very bullish as we have mainnet on the cards with almost 2-3x Potentials for gains.
With conquering ema 50/100/200 Qtum Broke out of consolidation Zone and gave a huge Spike after which we waited for the entry at 0.5 Fib level on daily time frame.
The TP's are also mentioned on the chart with 1st being at 1.618 FIB Level.
The average buy zones are mentioned in the chart which are $ 3.8 - $ 3.4
Thanks
Anuj Tated.
This is not financial advice. DYOR
QTUMUSDT - Long - Potential 31.72%QTUMUSDT - Long - Potential 31.72%
Entry - 3.811
TP1- 4.324
TP2- 5.029
SL- 3.435
Please comment with thoughts and how you get on.
If you like the idea, then hit like on the idea & support with a follow.
Good luck out there!
QTUM USDT LONGEntry 4.037
SL 3.4
TP1 5 (50%)
TP2 6.5 (25%)
TP3 7 (25%)
Please like and follow if you appreciate this idea
Qtum has surged more than 260% now what next???Hi friends, hope you are well and welcome to the new update on Qtum coin. As it has surged more than 260% and there were two reasons behind that. One was the different signals and patterns were giving clear indications that it is going to make a big move. The second was the two major upcoming events expected on 28th August 2020. First is the offline is staking and a more significant event is the mainnet release.
The 260% rally and breaking out the channel:
If we move to the live daily chart then we can see after announcement of mainnet release on 21st June the price action turned very strong bullish and broke out the resistance of the channel. And after re-testing the resistance of the channel as support the price action moved more up. Now it can be observed that the priceline of Qtum coin has surged more than 260%.
On long term chart the resistance of wedge has been broken out:
Now if we switch to the bigger time period weekly chart. Then it can be clearly seen that the price action was moving in a falling wedge pattern. When the release of the mainnet was announced Qtum was already very close to the resistance of wedge. Then it turned more strong bullish and broke out the resistance of the wedge as well. I am not expecting that the priceline will re-test the previous resistance of the wedge pattern as support as it has re-tested the resistance of the channel on the daily chart.
Now if we place the different simple moving averages on the weekly chart with the time period of 25, 50 and 100 then price action has also broken out these SMAs.
And if we watch these moving averages on the daily chart and include the 200 simple moving average as well then the priceline of Qtum has also broken out all the simple moving averages on the daily chart as well. Now Qtum’s price action has very strong supports of these moving averages on daily and weekly chart. Now there are two possibilities one is the priceline might move down and use the 25 simple moving average as support as it has already been using the 25 simple moving average as support before the next rally.
The second possibility is that the price action may use the exponential moving averages with the time period of 10 and 21 as it is retesting these EMAs continuously and move to the upside.
Conclusion:
Even though the price action has broken out all the resistance levels and having good supports of different moving averages as well and has surged more than 260%. Qtum coin is also having very good backing of two upcoming significant events. But we should take care of the stop loss. For this purpose we can use different simple or exponential moving averages or different other techniques can be used. However, I am not expecting a big correction rally or bearish trend until 28 August 2020.
QTUMUSDT - Forming Bullish Inverted Head & Shoulder Pattern ?Forming Bullish Inverted Head & Shoulder Pattern ???
QTUM / Quantum USDTFundamental Analysis
QTUM :
1. Staking offline program
2. Hardfork QTUM
is it effected ? Let see .....
#QTUM one can only hope i was stupid enough to miss the retest,
we are currently trading at weekly resistance SO HOPING it will reject & come down to form right shoulder, Setup invalid if we close weekly candle above red box
#notfinancialadvisor
#DoYourOwnResearch
QTUM- On fire! Now or wait for the pullbackPropelled by the news of offline staking, mainnet and potential DeFi project, QTUM is on the hot steak lately.
One of the two famous smart contract platform projects, along with NEO, from China back in 2017. It is trading below its long-term S/R lvl and is about 96% from its ATH (Check my links below for other coins that are down over 90% from their ATH- SNT & NANO).
On the daily time frame, it seems very over-extended so pullback may be imminent. I would not mind hopping onto the bandwagon now with small order because next resistance lvl is still 20% away and add onto the position on the pullback.
QTUM/USDT long Bullish Engulfing + RSI was Oversold (1h)
Confluence of HTF-POC/Daily/Central-Pivot acting as support
