QTUMUSD Buy ideaQTUMUSD is in a downtrend but recent rejection on support trendline suggest that the pair could potentially go up.
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QTUMUSD
✳️Qtum/USDT (12/11) View + Trading Plan #QTUM $QTUMQTUM has conquered the 2$ zone and made it becom a strong support zone for QTUM.
QTUM is heading to 2.6$ zone and 3.5$ zone
The risk only occurs when the QTUM falls out of the 2$ zone, but the probability is not high.
📈BUY- LONG
-Buy: 2-2.1$, stoploss if B
📉SELL-SHORT
-Sell: 2.6-2.7$, stoploss if A
-Sell: 3.4-3.5$, stoploss if A
♻️BACK-UP
-Sell close to 2-2.1$ if B, stoploss if A
-Buy: 1.6-1.7$, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
QTUM/BTC 166% Potential From here with Tight Stop Loss#QTUM/BTC TA Update:-
#QTUM currently trading at 1300 Satoshi level.
I am buying here around 1300 Satoshi.
Why ..?
According to Chart I drawn chart so looks bullish.
I personally can expect bounce from here.
Small stop loss with high rewards.
Entry:- 1250-1320 Satoshi
Targets:- 1983/2523/3437 Satoshi
Stop Loss:- 1220 Satoshi
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QTUM Descending Triangle *** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. ***
QTUM
Probable
- Long term descending triangle on daily - bearish pattern
- EMA’s bearish on daily, 12hr & 4hr
- Looking for BCR of yellow box zone
- 2 short targets
Possible
- Look to see if we create a HL within the triangle for a heads up trend may change
- Wait for EMA’s to turn up and cross bullish
- Wait for break out of the long term down trend line
- Wait for retest of the new support
- 2 long targets
QTUM/BTC (Testing Key Level of Support)💎Technical Analysis Summary💎
BINANCE: QTUMBTC
-QTUM is now testing the key level of support
-This area is a confluence of previous resistance and support
-If QTUM can break above the trendline resistance
-It will give us a strong bias that the downtrend is over
-And we can see a potential test up to 2800s sat
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#QTUM BTC UPDATE> QTUM Making Double Bottom Form
> QTUM Making ' W ' Chart Pattern
> QTUM If Day Candle Will Close Above 2600 Then You Can See Positive move very Soon
````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
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QTUM/BTC (Test the 2600 sat Area of Support?)QTUM/BTC
-The price is trading on a short term downtrend
-The key areas to be watching is around 2600 sat region
-This is a confluence of previous resistance turned support
-Chances of a strong bounce or building support around that region are high
-But before you enter a position, wait for any bullish reversal signs
-This will help you reduce the risk and add extra confirmation that the market will reverse
QTUM looks super bullishQTUMUSDT pair looks very bullish as we have mainnet on the cards with almost 2-3x Potentials for gains.
With conquering ema 50/100/200 Qtum Broke out of consolidation Zone and gave a huge Spike after which we waited for the entry at 0.5 Fib level on daily time frame.
The TP's are also mentioned on the chart with 1st being at 1.618 FIB Level.
The average buy zones are mentioned in the chart which are $ 3.8 - $ 3.4
Thanks
Anuj Tated.
This is not financial advice. DYOR