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QTMBTC trade ideas

QTUM/eth entry; QTUM/btc exit - ride the waveEthereum has been showing strength and will likely continue to rally with alts until BTC there's a break in the tightening weekly equilibrium pattern. RSI on daily QTUM/ETH chart is oversold and has historically provided a solid buy signal. Best to take profit into BTC since it is relatively weaker than ETH, but is consolidating for its big move. We can use a stop loss into ETH because short term ETH it will appreciate against BTC. EP: below .026 TP1 .000285 BTC 0.30% TP2 .000420 BTC 0.30% SL .022 ETH **this is not investment advice, for educational purposes only
Long
by Maximilian108
Neva gonna give you up! (QTUM update)So an update on Qtum. Qtum has fallen under our white trendline we drew last week As expected it went down until it found a key support region from .0018-.0019. It was certainly interesting to see QTUM experience a V-Shaped recovery, quite interestingly timed with Consensus around the corner(or weekend). My initial lean is still bearish on QTUM. The 12 and 26 EMA have crossed bearish, the 12 EMA is touching/about to cross the 50MA. We are still well below the 200MA so our upside is capped. We have so much resistance to cover that I think QTUM needs to have a BOMB presentation/demo at Consensus to see any catalyst to the upside. And if it does NOT deliver, we will probably see another leg down. Having said all that. I do own QTUM (for the long term, for better or worse). My only positive hope i that the recent drop/recover is a start of another up trend (orange trendline). I drew it all the way to July as it reaches a key resistance level of .0025. Now I have formed an ascending triangle using the orange trendline and the top red resistance line. This would have a projected time line of until Mid July. I definitely understand this is a reach to try to see a triangle form. but I might as well put out what I'm looking for. if it falls below the orange trendline, we will re-evaluate with a new conclusion. For now, I am watching QTUM over the next two months. If it plays out the way I see it (which it rarely does LOL), then an ascending triangle could be a massive indicator of bullish action ahead. GL. THIS IS NOT FINANCIAL ADVICE/RECOMMENDATION. THIS IS FOR EDUCATIONAL PURPOSES ONLY.
by jonchan
QTUM testing Long term resistance in price and MA.So looking at this chart we've broken the descending trend line and now there is some good room for some incline. There is a resistance around 247 sat that can foreshadow continued bull movement if broken. Looking at the MA we see a patter of peeks around 0.0001 and if we move above that resistance then we can confirm a nice long position back to ATH. Anything you would like to point out or share plz feel free to do so. I am here to learn and share ideas.
Long
by Cryptolini881
QTUM follow upTwo days later, QTUM has broken through the first green support at .00219 and now is forming a bear flag on the 4 hour chart as well as an inside bar. This suggests we may see another leg down to around the big even of .002 BTC. From there, I would expect a rebound, that lasts anywhere from 3-5 candles (12 to 20 hours). But first let's see if it breaks down below our recent low/support (green dashed line). If it does, the price may drop down to .002. HOWEVER, if there is a lack of follow through from the bears (in terms of volume), then we can see a reversal back to testing the 200 MA (pink). Overall, QTUM looks like its in bad shape. On the daily chart, the MACD had a bearish crossover. This does not look like a promising trade set up. However, if you were feeling frisky, I guess you could either 'buy this dip' and have a tight stop loss at the dashed green line. If the pattern fulfills the bear flag, and goes down, your loss is minimal and if bears cannot follow through, we can see a small reversal for a ~5% gain. However, I would declare the overall environment of QTUM as bearish.
by jonchan
QTUMBTC ConsolidationQTUM on the Daily chart looks like a consolidation into an equilibrium pattern. It is currently testing the 26 EMA (orange) as support as the 12 EMA (teal) is starting to slope downward. This means if we do not have a breakout in QTUM soon, we will see the two EMA cross and that would be a Bearish Indicator. The MACD has also seen a bearish cross recently after staying in a healthy uptrend for the past 3 weeks. If QTUM does not close above the white trendline or the orange EMA, we can expect a test of the support zone of .0022 to .00217 BTC which is the area of the first green horizontal support line (.00219011). If QTUM cannot hold that level, the next support zone would be from .002075 and .002025 BTC. If QTUM cannot hold that level, the next support zone would e around .00189585 to .00186794. If QTUM can rebound, find support on the white trendline, it will be met with multiple layers of resistance starting with the 200 MA (pink) and going up into the .0024 zone, then .0025 to .0025725 zone, then .00272 to .00286. Exiting recommendations can be either time based or price based. For those very risk averse, you can exit slightly before and right about when the 12 EMA crosses the 26. You can also set a stop loss above or slightly below the first green support line OR the 2nd. If QTUM reaches the third support line, I'd be more inclined to enter a position rather than exit, because I would expect a trading opportunity in the short term, or a decent entry for a long term investment. If QTUM rallies, you can start selling portions at or near the resistance levels. My guess is, if we do reach the first level of resistance marked at .00240999, odds are in our favor or breaking it and heading towards the .0025 level confidently. For now, I will monitor the situation and probably come up with a more definitive opinion in 3 or 4 days.
by jonchan
Important week for Qtum?Looking at the weekly chart, I'm leaning bearish for multiple reasons. 1) The 12 EMA (Teal) is under the 26 EMA (Orange) 2) Looking at the MACD, the blue (fast line) is below the orange (slow line). 3) QTUM currently broke the white rising support line. If it closes below the trend line on May 13th, that means the current uptrend has changed. HOWEVER... Even if it closed below the trendline, it still as a high chance of a weekly higher low is set compared to the low of .0019 BTC in the week of April 2-9. After that, the bulls would like to see a lower high and then a higher high but that is being optimistic. Right now I would like to see how QTUM plays out between the two ranges I have bounded by the red and green horizontal lines (resistance and support respectively).
by jonchan
QTUM - Buy Opportunity - 56% ROI - 8:1 Risk/RewardThe problem with alt-season is that you can't watch all the coins! Reasons to enter on a re-test of the consolidation zone: Valid break-out pattern with a clear consolidation zone (squeeze) Steady accumulation and increase in volume Smaller time-frame breakout patterns that have hit profit targets High return on investment (56%) with 8:1 risk/reward Please leave a comment and a like if you agree with this analysis! Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Long
by hedgewithcrypto
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