Qtum Chart Analysis W/ Targets
Ever since the 14-Aug. high, QTUMUSDT has been consolidating...
A higher high took place later on 15-Sept. yet the price range still remains within an accumulation zone.
Why accumulation and not distribution?
This all means that QTUMUSDT remains strong.
Prices can drop here, for sure, but we have more bullish than bearish signals and we are reading a chart afterall.
You still need a plan/strategy to trade.
This is not financial advice.
Thank you for reading.
Namaste.
A higher high took place later on 15-Sept. yet the price range still remains within an accumulation zone.
Why accumulation and not distribution?
- We have a bullish market overall.
- We are on a bullish wave.
- The strong bearish candle on 7-Sept. which closed above EMA50 and EMA100 results in a bullish signal.
- A higher high after 14-Aug. gives the bulls additional support.
- The RSI is above 50...
This all means that QTUMUSDT remains strong.
Prices can drop here, for sure, but we have more bullish than bearish signals and we are reading a chart afterall.
You still need a plan/strategy to trade.
This is not financial advice.
Thank you for reading.
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
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.