Qtumusdt
Growth potential up to 900% based on the giant triangle patternI have been monitoring the price movement of this chart for about a week
First, it broke the falling wedge pattern in the lower timeframes
This led to the breaking of the triangle pattern which restricted price movements for four months
then it pulled back and placed on the support area
There are many support levels in this area
The price is right above sma50, sma200 and ema200
I do not write much because no one likes to read
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There are several target :
target 1 : fib 1.618 ( about 4 usdt )
target 2 : fib 2.618 ( about 5.5 usdt )
target 4 : fib 3 ( about 6 usdt )
target 4 : 25 usdt ( Based on the massive triangle pattern )
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Sincerely, Little Bob
Weekly Bullish Watchlist 3Potential continuation patterns (USDT Pairs):
ICON,
Celer Network,
Qtum,
Zcash,
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QTUMUSDT D4: Accumulation // 25%/40% gains/correction laterWhy get subbed to to me on Tradingview?
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QTUMUSDT D4: Accumulation // 25%/40% gains/correction later
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG as I expect 20-30% gains before
reversal later (BEARS).
🔸 Summary and potential trade setup
::: QTUMUSDT 4days/candle chart review/outlook
::: long-term accumulation in progress
::: BUT ALMOST topped out for this cycle already
::: 20-30% gains remain short-term only
::: expecting 40-60% correction next few months
::: to complete the sequence
::: before it can finally breakout of the range
::: correction is REQUIRED
::: later we can pump 200%+ from that base
::: but that's not until 2021
::: limited upside in 2020 so just SHORT IT
::: higher risk strategy: BUY/HOLD exit +30% gains
::: bulls have to BUY/HOLD at market now
::: recommended strategy: SHORT SELL any rips/rallies
::: TP BEARS on the swing is 40-60% gains
::: SHORT/HOLD setup / swing tarde
::: for patient traders only / no fast gains here
::: only use low leverage don't do gambling here
::: the sequence for the BEARS
::: Just short high and you will get paid, period
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/SWING/40% GAINS
::: Sentiment outlook short-term: BULLS/final PUMP