QTUMUSDT trade ideas
QTUM - UPDATE QTUM is another one of the coins i have been holding for a while from a investment perspective and again in very nice profits. From a trading perspective market is in a strong uptrend and recently broke above the previous daily high.... market is now making a retracement to retest previous resistance as new support, im expecting rejection and a nice bounce, if our entry rules are satisfied we will be taking a nice long - watch for the breakout of the big weekly resistance once we cross this zone i believe price will hit $15 in no time.
Target 8.5Following 4h chart
There are 2 formations :
Reverse head & shoulders, that is already got confirmation and ready to go
Another one is cup & handle and it's also got confirmation and ready to go.
Both formation targets are the same, 8.5
For Sl I am following 200 EMA.
Please leave a comment if you join trade.
🔥 QTUM Bullish Triangle BreakoutFew moments ago QTUM broke out of the triangle in which it has been trading for almost a month. It found strong resistance around the $7.50 area, which has now finally been breached. Seeing the strong sudden influx of buyers I'm expecting the price to fall back towards the $7.55 area, which now functions as a support. If bullish pressure continues, we might see a new ATH soon!
Happy trading!
QTUMUSDT - NEW HIGHER HIGH.QTUM has recently broke above daily resistance with a strong bullish impulse which has been followed by a nice correction to retest previous resistance as new daily support, we are seeing multiple rejections and im now expecting the continuation to the upside and market to go and make a new higher high from a daily perspective. On the 4hr timeframe at the moment everything is still bearish during the correction. We are waiting to see new bullish 4hr structure so a new higher high then we can look to long on the retest.
QTUMUSDT/1DAY_UpdateI like to share some points with you:
1. We have 3 tp and you can take it if you want
2.Maybe trend going to reverse on these targets and it's possible.
3.These number came from Fibonacci.
4.Resistace zones and Fibonacci will be able to reverse any trend when price reach to them.
QTUMUSDTPossible buying zone were in the red elipse zone. But still can try to catch good entry. Use the limit order if you want to try to be IN.
Danger: I don´t like Monday trades - waiting till Monday afternoon (CET). Because Monday was couple of time full of blood in crypto.
First TP: 0,8 usd - we´ll se what happen later.