QTUM: Potential parabolic rise for final bull run
Updated
QTUM has regained momentum from the May/June selloff and looks to be in good position for the upcoming bull run. Since the selloff, it has climbed in a clear, impulsive Elliott wave pattern and subsequent correction. It looks like we are starting the third wave of the final wave of the bull run and lows suggests a potential parabolic rise. If so, the potential gain will be tremendous. In the most bullish case, we could see $220, but even the 8.618 Fib extension of $116 would be nearly 9x.
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If you found value in this post or you've been receiving receiving good value from my posts, I'd appreciate a Thumbs Up and a Follow if you haven't already done so. Thank you.
DISCLAIMER: All investments involve risk or loss. None of my posts should be construed as financial advice. You are responsible for your own financial well being so always do your own diligence.
Note
The consolidation lasted longer than I expected, but we got a solid break above September's high which we are now retesting. Among the top 100 cryptos by market cap, QTUM is the 3rd best performer in the last 24 hours (coinmarketcap). I want to see a close above the September high and we should be on our way.
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