Qtumusdt
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
QTUMBTC let's setup buy orders on this retrace .. Easy trade !I will setup buy orders for QTUMBTC on retrace @ support area and also trendline (blue line)
Buy on green flags @ 2750 and @ 2250
Sell on red flag ( I expect new highs @ 5k area) ... or where you feel confortable with profit ...
SL 1950
I don't use leverage on this trade ... We can have 80 - 100% profit without any stress
Nice events ahed for Qtum in next period !! We can even have 10$ price! Let's see ;)
Cheers!!!
PS. If is not getting filled no problem ... We will find other trade ;)
QTUMBTC let's setup buy orders ... nice events ahead for QtumI will setup buy order on QTUM on retrace @ support area and also trenline (blue-line)
Buy on green flags @ 2750 & @ 2250
Sell on red flag ( I expect new highs @ 5k area) ... or where you feel confortable with profit ...
SL 1950
I don't use leverage on this trade ... We can have 80 - 100% profit without any stress
Cheers!!!
PS. If is not getting filled no problem ... We will find other trade ;)
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.
#QTUMBTC Long another potential 100 to 200%QTUM is ready for another ride !
After breakout and confirmation, we can see QTUM gain over 100-200%.
Now we are nearing the end of the pennant and imo there can be two scenarios and we can profit from both. If we buy at CMP and the market goes in our favor then so be it, but if it retraces we can DCA more and get a good average price and then go up from there.
Technically Qtum looks bullish as it is above all important moving averages also we are getting Bullish MACD confirmation and crossover.
QTUM is fundamentally strong too with their Mainnet and offline staking news on the end of this month
Fundamental Analysis :-
Mainnet V0.19.1 Launch
Phantom on Mainnet
Neutron Release
Offline Staking
Short term traders can benefit too ! 24-34% is not bad at all.
IF this holds we can expect another Bull run by QTUM.
ENTRY: CMP (2350 Sats )
Targets:
2934
3160
4854
7175
SL: 2138. Do DCA and buy in Dip
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#Golden Rule
#BTC moons Alts Rekt
This is what I think.
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QTUMUSDT ANALYSIS I have 4 positive signals I saw buy3 in this chart
If you hold this coin since July don't hurry to sell it also you have % 74 profit good job ı am expecting a big rise for this coin
It is better to buy this coin when the resistance line turns to support line ($ 3,25) watch carefully EngineeringRobo' s sell signal
QTUM/BTC (Symmetrical Triangle?)QTUM/BTC
-We can see multiple Bullish rejections @ 200D MA on July 27 - Aug 2
-Currently, it is forming a symmetrical triangle
-Since May, the price has been in a short term uptrend to date
-If there will be a continuation of this pattern
-Chances of upside breakout are higher
-But I only recommend buying the breakout confirmation
-This still a symmetrical triangle, it can go either direction
-So waiting for the trendline break will increase your winning
Qtum Btc AnalysisBuyers seem to be appetizing despite the selling pressure. The cup handle formation seems to be forming on the 4h candle chart in 3-month . If the handle is formed, it will try the 2936 sat. resistance closest to the memories. But first of all it has to break the 2588 ~ 2662 range.
This is my personal work. it is not investment advice. I wish to everyone luck.
QTUMUSDT AnalysisCongratulations to people who bought QTUM by listening BUY 2 signal in the first week of July! Enjoy your 41.06% PROFIT!!
As of now, I'm bullish since there are 2 BUY signals from EngineeringRobo.
If you are holding QTUM, do not hurry to sell it.
You can wait for EngineeringRobo's SELL signals or if you want to, you can take profit at the resistance level ($2.85).
You can wait when the resistance level ($2.85) turns into support level. If you really want to buy, watch EngineeringRobo's SELL signals carefully.
August LONG setup on QTUM - Mainnet/HardforkQTUM Mainnet Release - v0.19.1 - Hard Fork - Mandatory update to introduce Offline #Staking on August 28th will provide a catalyst for buy the rumour sell the news type setup through August.
The chart looks promising as price has been consolidating at resistance for about 2 weeks now.
Volume shows renewed interest from buyers leading up to this consolidation.
Price target tools include:
1.618-2.0 Fib extension
Chaos PRZ (4.669 Fib extension from previous range)
AB=CD harmonic objective
The confluence of these location objectives is illustrated with a large green box, that should see a tag sometime before the Mainnet launches.