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Qtumusdlong

Qtum has surged more than 260% now what next???Hi friends, hope you are well and welcome to the new update on Qtum coin. As it has surged more than 260% and there were two reasons behind that. One was the different signals and patterns were giving clear indications that it is going to make a big move. The second was the two major upcoming events expected on 28th August 2020. First is the offline is staking and a more significant event is the mainnet release. The 260% rally and breaking out the channel: If we move to the live daily chart then we can see after announcement of mainnet release on 21st June the price action turned very strong bullish and broke out the resistance of the channel. And after re-testing the resistance of the channel as support the price action moved more up. Now it can be observed that the priceline of Qtum coin has surged more than 260%. On long term chart the resistance of wedge has been broken out: Now if we switch to the bigger time period weekly chart. Then it can be clearly seen that the price action was moving in a falling wedge pattern. When the release of the mainnet was announced Qtum was already very close to the resistance of wedge. Then it turned more strong bullish and broke out the resistance of the wedge as well. I am not expecting that the priceline will re-test the previous resistance of the wedge pattern as support as it has re-tested the resistance of the channel on the daily chart. Now if we place the different simple moving averages on the weekly chart with the time period of 25, 50 and 100 then price action has also broken out these SMAs. And if we watch these moving averages on the daily chart and include the 200 simple moving average as well then the priceline of Qtum has also broken out all the simple moving averages on the daily chart as well. Now Qtum’s price action has very strong supports of these moving averages on daily and weekly chart. Now there are two possibilities one is the priceline might move down and use the 25 simple moving average as support as it has already been using the 25 simple moving average as support before the next rally. The second possibility is that the price action may use the exponential moving averages with the time period of 10 and 21 as it is retesting these EMAs continuously and move to the upside. Conclusion: Even though the price action has broken out all the resistance levels and having good supports of different moving averages as well and has surged more than 260%. Qtum coin is also having very good backing of two upcoming significant events. But we should take care of the stop loss. For this purpose we can use different simple or exponential moving averages or different other techniques can be used. However, I am not expecting a big correction rally or bearish trend until 28 August 2020.
Long
by moon333
BTC -QTUM -Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10 Date : Since 2017 ( 3 / 10 ) Volume 24 H : 15000 BTC( 6 / 10 ) Available Markets* ( 8 / 10 ) Social Media Rate ( 7 / 10 ) Ranks **27 ( 8 / 10 ) Website ( 7 / 10 ) Type a decentralized #Blockchain application platform Overall ( 7 /10 ) Between 50,000 - 58000 are the best level to accumulate for a long term investment. As long as BTC stays above $5800, We found the bottom for most of the alt coins. 96% down from ATH in USD value. * Considering top 10 crypto exchanges ** Top 100 coins on coin market cap get 10 points
Long
by CryptoEngineering
Saved you 94% loss on QTUMit's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, it works good for stocks and cryptocurrency. you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. when a green dot appears you buy, if a green dot appears after that green dot you hold your investment. if a red dot appears you sell your position. easy as that. shorter time frames will be choppy. larger time frames will be smooth.
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by UnknownUnicorn3660593