QTUMBTC
QTUMBTC 4H CHART QTUM ENTRY LEVELSQTUM, currently sitting on support offers nice gains perspectives.
Symetric triangle broke on the uptrend, but it seems so far it was a false break. We can expect further decline, or a bounce back to uptrend.
Entry levels are shown in the graph. 9/13 is an important date for QTUM that could lead to new highs.
WNZ
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QTUM Short Term Prediction QTUM is consolidating around historic a historically strong support level. MACD looks like it will cross over in the next couple of cycles. RSI is in the oversold area. Bands are tightening up. With their Main Net releasing in a week on 9-13, I would expect some positive price action leading up to it.
QTUM long on a 5Th Elliott WaveQTUM is on a EW pattern.
The low of the 4th wave is aligned with a longer uprend (in red) and a resistance in blue
Entry : 0.00602
TP1 : 0.0046
TP2 : 0.00578
SL : 0.00306 (major resistance)
SL can be raised to the low of wave 4 (0.00336)
Based on SL and TP2, RR: 4.3:1
This is my current trade, not an advice, trade at your own risk
qtum/btc retrace expected.Hello,
a retracement is expected here this coin is heavily over valued and controlled by some chinese whales i trade on CHBTC most of the time chbtc has the highest volume on qtum also higher as bittrex.
Monero as example just breached the 1 billion mark after 1 year + . Qtum almost got also one billion but it just appeared 1 - 2 months ago this is a unrealistic price i could see the marketcap going to 200-300 million.
i drawed the the support areas you can make 12-20% on the bounce in case the the price drop to my buy area. There are 2 possible buy zones so i suggest not to go all in on the first buy a half position there if it goes to the next support area buy more.
- rakim
QTUM/BTC Trade SetupLooking like we could come to a good entry point for QTUM if it is able to break resistance. This resistance line was broken, after it was setup by a nice head and shoulders pattern. Once it confirms a break in resistance, look to buy in at the blue line (0.00330). Appears that we also saw the end of an elliot wave cycle, so we could be at the beginning of a new one, which could mean big gains. Wont set a target yet as I like to see where the first retracement starts. Stop will be set at 0.0030. Looking for it to start retracing around the 0.00360 mark as this is a previous major support/resistance area. From here I'm expecting it to retest support, which if we see a bounce from here then I can see an ATH test
QTUM/BTC Trade IdeaQTUM is looking like starting the second elliot wave pattern. It's currently trying to break a resistance line, and if it can break that resistance it could shape up to be a great long opportunity. It has bounced off the support line 3 times and used it as resistance once so I'm quite confident that if it fails to break resistance, it wont fall much further. In saying that however it does appear that we could potentially see a head and shoulders pattern emerge which could send it back to the floor so be careful of that. If price does end up breaking, look for it to push for an ATH before retracing. From there I could see it breaking the ATH and mooning. If that happens then we could see massive gains as it would almost be confirmed that it was in the second elliot wave leg phase.
If it hits the buy area and confirms to stay above it, the look to set stop loss just below the current resistance line.
If it falls back to support look to enter once it has bounced and set stops accordingly