QTUM/USDT Weekly Update!Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
QTUM is holding the supporting trendline at $2.5. This is a crucial juncture for QTUM to determine whether it will continue the downtrend or make a rebound from the current support level.
Key Observations:
~ Primary Support: $2.5.
~ Lower Support: $1.11.
~ Primary Resistance: 50 SMA at $3.15.
~ Long-term Target: $27-$30.
~ Bearish Move: Breakdown below the primary support.
~ Bullish Move: Price holding the primary support and rebounding above the 50 SMA.
The price speculation is in a higher time frame and for educational purposes only. Please do not consider it for scalp trading and futures trading.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
