QTUM ANALYSIS (6H TF)We have a large diametric, which seems to be in its final wave, its G wave.
It is possible that the g wave will be shortened due to buying pressure. A strong support area has been established, and the price can move from this area to high TPs.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
QTM
$QTM $QTM.ASX this one may pop up as well$QTM $QTM.ASX this one may pop up as well
QUANTUM HEALTH GROUP LIMITED
Medical Equipment Distribution and Manufacture
Number of shares 1,128,308,291
Bearish Trend on QTUMHello Traders,
QTUM is inside a short term resistance line and below every important resistance level, so we will assume the bearish trend will continue until we least broke the downtrend line, for now, we expect the price to continue the downtrend movement.
Please press the like button and follow us on the trading view.
QTMBTC S/R Flip UpdateHello all!
We can see on the H4, that QTMBTC successfully landed on the support side after a successful rounded retest.
I've scribbled the general outline above.
A long here into previous support (around 5245) for a 15% gain would be a successful execution of this idea.
Stop below new found "support". Idea would be invalidated below this point.
QTUM: TargetsWell, this is the continuation of the original publication about QTUM so i will not write to much here.
After studying the chart again, an AltShark can be identified inside the Cypher called yesterday.
So for this next QTM move Targets are specified in the Green Boxes.
If you like my ideas, please leave your comment, hit like and share it, i will be very appreciated.
Have a wonderful day!
GoodTrade!
-CJ-
QUTUM.Qutum is an amazing project cause for how it is focused.. They are pointing specifically to certain range of 'customers' so in someway they are building some future basis for crypto revolution and tech evolution.. They have achieve the total compatibility between bitcoin core and ether protocols.. they are making one of the most stables platform for developers who are thinking to make their projects in the blockchain giving them the possibilitie even of create their own tokens or inner chains.
Beside that, nice things are coming for QTUM.. and one of them is the CYPHER completation OR eventually a SHARK.
If this goes like we hope.. QTUM IS READY and profits are over 50%
This is a personal view of the project and Im totaly bullish here... that's why you shouldn't take this as a trading advice or something related.. just is my opinion.. before you take any decition, make your own research and decide in your own wisdom.. I hope you, me and all of us can do that with the clearest mind possible ... cause we all seek to thrive.
All feedbacks, teachings or any constructive comment are welcome.
GoodTrade
-CJ-
QTM fight on supportQTM is actually on a very important support level (fib retracement 23.6% and also a swing trend line).
This level has been tested several times and till now it has shown enough strength to hold the price.
But with falling momentum (nearly no volume), falling coin prices generally, a RSI in negative zone and perhaps crossing long trend line - the danger is high that QTM drops below this important support.
In this negative case next halt would be a swing trend line at 19$. In the upgoing trend (dec 2018) there has been a very fast rise from 19 to 25$ - today it could go the other way round.
Stop: below the actual support
Buy: only if QTM fights back and crosses the upper limit of the descending triangle, with more momentum in its backpack.
QTM bullish setup, patience neededQTM jumped last weekend but fell back soon afterwards.
Still, it's trading within an upward channel. I would consider this a bullish accumulation phase.
In case of breakout, I expect at least the height of the range, roughly $80, as the first target. The crucial test would be $100. That will depend on the overall crypto market, I think.