QTUMBTC Long
Reasons why it can pump:
1. We had that big bullish divergence on a big time frame (14.08.2018 - 12.09.2018), which played played nicely and recently turned into a nice ascending channel.
2. Resistance was tested a few times and was finnally breached. If we bounce from the dynamic support, we`ll be looking to test the upper side of the channel. However if we breakout of the channel, the support at 610-620 will most likely hold, given that the previous resistance was thoroughly tested.
3. Lastly, they`ve announced their partnership with Amazon Web Services China to develop blockchain-as-a-service solutions for enterprises and developers.
As a more conservative approach as i bought in at 640 sats will be to set a stop loss at 629-630, meaning we`re out of the ascending channel, and look for a lower buying entry point while we`re testing the horizontal support.
Selling target: 700-720 sats
1. We had that big bullish divergence on a big time frame (14.08.2018 - 12.09.2018), which played played nicely and recently turned into a nice ascending channel.
2. Resistance was tested a few times and was finnally breached. If we bounce from the dynamic support, we`ll be looking to test the upper side of the channel. However if we breakout of the channel, the support at 610-620 will most likely hold, given that the previous resistance was thoroughly tested.
3. Lastly, they`ve announced their partnership with Amazon Web Services China to develop blockchain-as-a-service solutions for enterprises and developers.
As a more conservative approach as i bought in at 640 sats will be to set a stop loss at 629-630, meaning we`re out of the ascending channel, and look for a lower buying entry point while we`re testing the horizontal support.
Selling target: 700-720 sats
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