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QTMBTC trade ideas

QTUMBTCThis is how I see QTUM now. We are now in the second wave and it is in a huge falling wedge, and we have just finished wave D. IMO we are now forming wave E, in which, either the target will be slightly under 0.786 fib lvl (0.0014 sats, which is the subwave 2 of wave 1, a strong support zone) or we will just hit at the 0.786 fib lvl and made a beautiful double bottom and bounce out of the freaking falling wedge. Thus, either way, we will first go down to retest 0.786 fib before forming wave 3. again, it is not financial advice or FUD. I still believe QTUM is going to make a beautiful wave 3 up to area around 0.006-0.007 sats. Thanks.
by DesWong
QTUMUSD#QTUMUSD Market capitalization:1 296 833 000 dollars. 24H:108 700 000 dollars. On the timetable D1 pair is at a price tag of 0.0019 .Key levels: Resistance:0.0025; Support:0.0015; Consider scripts At the moment, the price is in the range 0.0019-0.0020. The The currency pair is now in a downtrend over the past 7 days, the price has dropped by 7%. If the price continues to grow, the target will be 0.0025. If it rolls back and the price is fixed below the falling wedge then the first target will be 0.0015.
by AVH_analyst
1
QTUM forming a bull FlagHey fellas, here is another update. I used pivot points indicator which is a price level that is used as a possible indicator of market movement. A pivot point is calculated as an average of significant prices (high, low, close) from the performance of a market in the prior trading period. The retracement is 38.2%. It has found a solid support. RSI is not looking good but it is moving up. It is showing a bull Flag. It might just pump up a bit. Trade with caution :) regards,
Short
by FRXMACHNE
2
As Requested! Cash Is King is here for you!I am sure you want to read this as there is a lot of BTC sitting in QTUM right now, loads of people asking me to look at this coin so here is the update. We have been trending down now for a couple of months and we have seen large pullbacks like this before and we have then continued to trend down. You can see we have formed a descending triangle and it looks as though we have gone into consolidation for the next move up, however indicators tell us otherwise. If you were to look at the sells in Qtum you would say we are looking at breaking low out of the descending triangle and this was just a pullback and we will continue the downward trend to targets in black. There is a chance though even though strength indicators are telling us we will see a drop that we do break high of the descending triangle the only reason I would say this as we will receive support from the .618 fib which may provide us a point we bounce from and we will see some volume flood in.. To support this move we need buys to come back in and momentum needs to remain over 45 on the RSI to give us the indication we will head that way. We do not enter this trade until we were to break high of the descending triangle. Indicators tell me we will break low and continue down, if this is the case and we break the red base line I would be selling and reentering down at the black targets. Cash is King!
by Cash-is-King
5