QTUM/USDT - Possible Bullish Breakout
Hello traders and community, today we will tell ourselves shortly about the situation of QTUM/USDT
Trend analysis
- As you can see from the QTUM/USDT daily chart, the price of QTUM is moving in symmetrical triangle (white zone) and that's why we can expect with 60 % probability bullish breakout in the following days (white line on the chart). I recommend to wait for good signal before putting trade position and after it confirmes you can put position up to 7,476 price level. As another scenario we will drop approximately to 5 price level. Today's resistance level (red line) is on 7,476 price level, support level (green line) is on 5,947 price level and global trend stays bullish. Wish you good trades with this pair!
Chart pattern
- Symmetrical Triangle (approved)
Technical indicators
- RSI: market is still in boarders and is located near 54 level (not overheated, Neutral signal)
- MACD: MAs are stabilized + they started moving closer to each other (Neutral signal)
- BB: Volatility of the market started stabilizing after volatile movement accomplished (Neutral signal)
- MA (10,20): MA10 is above the level of MA20 and moving upward (Bull signal)
= Overall neutral signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions :)
P.S.: Information provided is only educational and should not be used to take action in the market.
Trend analysis
- As you can see from the QTUM/USDT daily chart, the price of QTUM is moving in symmetrical triangle (white zone) and that's why we can expect with 60 % probability bullish breakout in the following days (white line on the chart). I recommend to wait for good signal before putting trade position and after it confirmes you can put position up to 7,476 price level. As another scenario we will drop approximately to 5 price level. Today's resistance level (red line) is on 7,476 price level, support level (green line) is on 5,947 price level and global trend stays bullish. Wish you good trades with this pair!
Chart pattern
- Symmetrical Triangle (approved)
Technical indicators
- RSI: market is still in boarders and is located near 54 level (not overheated, Neutral signal)
- MACD: MAs are stabilized + they started moving closer to each other (Neutral signal)
- BB: Volatility of the market started stabilizing after volatile movement accomplished (Neutral signal)
- MA (10,20): MA10 is above the level of MA20 and moving upward (Bull signal)
= Overall neutral signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions :)
P.S.: Information provided is only educational and should not be used to take action in the market.
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.