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QTUMBTC

QTUM:BTC - QTUM Looking Bullish!Hello and welcome to my latest QTUM vs BTC analysis on the daily log chart. As you can see we are currently testing the 23.6% Fib levels resistance. We last tested the resistance of this level after the massive green candle that occurred on the 19th of March; in which we ultimately failed to break through it and started to trade sideways in a channel. At the time of the massive green candle we were well below the 26 EMA and 12 EMA; whereas the difference now is that we had a bullish crossover occur on the 18th of April; and have since confirmed both EMAs as support. This is a good looking sign for things to come! The MACD has is currently trading above the signal line and although momentum is low, it is slowly building to the upside. RSI is signaling that there is some strength in a move further to the upside building. Likewise, Aroon Up crossed over the Aroon Down line in a bullish manner back on the 13th of April. These three indicators combined are suggesting a bullish move up and out of the 23.6% is likely imminent if we can get some more strength and momentum going. From a pattern perspective we are forming a potential cup and handle pattern which if completed would take us up as high as the 38.2% Fib level. Now once we are there; the 38.2% Fib level is not likely to give us much trouble. This is because although we tested it as confirmed resistance back on 27/02, volume was low and we were also in a clear down trend at that time. With volume, we should blast through its defenses and head straight to the 61.8% Fib level which has a bit more resistance behind it. It is also worth noting that we have a potential three inside up candle pattern emerging on the daily chart, denoting with high reliability of a bullish reversal. From my perspective (although I am bullish) I am waiting for a confirmed break out above the 23.6% Fib before going long. There is still a slight chance we could fall further down and create a double bottom before the run up to test the 61.8% Fib level (this is crypto after all!) which is why it is always important to wait for confirmation before placing a trade. Anyways happy and safe trading and don’t forget to follow me for regular updates! Cheers
Long
by Corrupt_Economy
2
QTUMBTC the price is breaking strong resistanceThere was a significant impulse growth and volume increase on 19th of March, then the coin went in the side trend for about a month and has met the lower edge of Ichi cloud which is formed by a green line. Moreover, triangle finishes at this point. Indicators are positive volume is increasing and it seems that the price is ready to break through this strong resistance. This will start another impulse growth to the upper edge of Ichi cloud and a quick break through it till our targets.
Long
by Skyrexio
Qtum Bullish TA RoadmapAfter reanalysis and count wave, I come to conclusion is going to bullish soon -61.8% retracement recent swing -1:1 range breakout hit target to bottom -Volume increasing and indicator bullish sign. I will load a bag to stack and long hold, one of my favorite project regarding FA view. TRADE with RISK MANAGEMENT!!! I am an individual trader, based on personal analysis. Welcome to share your ideas and let's improve it! Looking for accountability partner in the trading journey and grow as professional trader.
Long
by Jackson-VAD
QTUM / BTC Scalp opportunityGood afternoon folks, Today's trade I'm looking at QTUM. I have entered a position @ 2077, I am expecting a re-test of 0.0022 at the minimum and will either take profit, or adjust targets if wave 3 is confirmed. Key Notes: 1) Daily RSI is at the resistance, volume needs to enter this coin very soon. 2) We have painted an 'ok' bull flag. 3) Observe the EMA crossings on the daily 4) Squeeze (essentially bollinger bands) shows a large move is about to happen. 5) The 1 hr/4hr charts are beautiful, we need to be mindful of the 0 histogram MACD rejection on the daily however. As always, if you find my information helpful, please support me by hitting the like and follow button. Upon 15 likes, I will continue to update this idea.
by ant187
QTUMBTCThis is how I see QTUM now. We are now in the second wave and it is in a huge falling wedge, and we have just finished wave D. IMO we are now forming wave E, in which, either the target will be slightly under 0.786 fib lvl (0.0014 sats, which is the subwave 2 of wave 1, a strong support zone) or we will just hit at the 0.786 fib lvl and made a beautiful double bottom and bounce out of the freaking falling wedge. Thus, either way, we will first go down to retest 0.786 fib before forming wave 3. again, it is not financial advice or FUD. I still believe QTUM is going to make a beautiful wave 3 up to area around 0.006-0.007 sats. Thanks.
by DesWong
As Requested! Cash Is King is here for you!I am sure you want to read this as there is a lot of BTC sitting in QTUM right now, loads of people asking me to look at this coin so here is the update. We have been trending down now for a couple of months and we have seen large pullbacks like this before and we have then continued to trend down. You can see we have formed a descending triangle and it looks as though we have gone into consolidation for the next move up, however indicators tell us otherwise. If you were to look at the sells in Qtum you would say we are looking at breaking low out of the descending triangle and this was just a pullback and we will continue the downward trend to targets in black. There is a chance though even though strength indicators are telling us we will see a drop that we do break high of the descending triangle the only reason I would say this as we will receive support from the .618 fib which may provide us a point we bounce from and we will see some volume flood in.. To support this move we need buys to come back in and momentum needs to remain over 45 on the RSI to give us the indication we will head that way. We do not enter this trade until we were to break high of the descending triangle. Indicators tell me we will break low and continue down, if this is the case and we break the red base line I would be selling and reentering down at the black targets. Cash is King!
by Cash-is-King
5
QTUM return?I try to forget about fundamental analyse but still keep returning to it from time to time (each time loosing money because I ignored technical alerts). QTUM here is one of my favourites. I was lucky/wise enough to sell it on 1st of February just before it started falling to where it is now - 60% in 45 days. Wow... thanks God I thrown away this HODL word from my lexicon =) So now QTUM is bouncing between to SR zones born back in December (as well as Fibonacci levels that are working here as in a textbook). And I feel it has a potential for return. If it bounce from 178400 (maybe even 168000) and go above 188200 that will be a buy signal for me. Next alert zone at 196000 and than 202000. If you do quike trades these would be your sell points. If long.... well, I wouldn't be so sure about the long trend with such a volatile BTC 1.20% but who knows. After all QTUM has its own full node in SPACE!!! =)) no no no, don't think fundamental. Only the tape has it all. No need for news ;) Check out day TF chart. P.S. That ain't no financial advise. This is only for personal purposes helping me finding my weak and strong technical analysis sides. Trade on your own risk.
by WiseAnalyze
1