Quantum chart is interesting: a fluctuating start and a small up, followed by a long and deep correction, then a strong upward move, and again a correction move, which seems to form a harmonic pattern. After the harmonic pattern ended and when price broke the downtrend line, an impulse upward wave started. Let's see if QTUM can reach the upper line or not.
Note
After Quantum broke the minor downtrend line, it went into correction phase, which unfolded in the form of an inverted wadge pattern. Now, it seems QTUM is breaking this inverted wedge upward. Let's see what happens.
Note
So, QTUM broke the inverted wedge and is going up toward the major resistance line (blue). Let's see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.