QTUM Broke out of channel - Moving to next support?
Updated
Hello and happy Thursday traders!
On the 1H chart, I noticed earlier today the possible div. trend reversal. The reversal broke out of the channel as well, which is a good sign to hopefully switch to being in a up trend
Next stop, $13.6 to consolidate. Chances it could happen at $13.3 as well.
I am currently LONG and in trade already.
NFA - DYOR - SHIELD AGAINST FOMO & FUD
On the 1H chart, I noticed earlier today the possible div. trend reversal. The reversal broke out of the channel as well, which is a good sign to hopefully switch to being in a up trend
Next stop, $13.6 to consolidate. Chances it could happen at $13.3 as well.
I am currently LONG and in trade already.
NFA - DYOR - SHIELD AGAINST FOMO & FUD
Note
We've touched down on around $13.3 after the little rally taking us out of the channel. GG! WOOT!We'll consolidate a bit, next real stop will hopefully be ~$13.6.
Note
Rallied all the way to $14 and hit an area of consolidation. Once we can push beyond $13.7, I think we'll have the momentum to go above the current candle peak of $13.9 and on to the next resistance of $14.2-$14.3.See you all there!
Note
After breaking out of the channel, there was a bit of consolidation in a descending triangle. We've broken out to the top side as indicated with a bull div (2nd to last indicator in my chart).Next stop will be $14 to see if we can hold there again before pushing up. Hopefully it goes well above and doesn't double top.
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