QTUMUSDT trade ideas
QTUMUSDT - Inverse head and shoulders trend reversal pattern 🔼Analysis 🔎: QTUMUSDT is printing the inverse head and shoulders trend reversal pattern on the weekly timeframe. This is a bullish pattern.
RSI is printing a bullish divergence signal.
Potential breakout.
Buy entry ⬆️ - breakout above the inverse head and shoulders neckline resistance.
Targets 🎯 - horizontal resistance levels.
Setup invalidation ❌ - breakdown below the right shoulder support level.
is qtum wanna dive down?we have head and shoulders pattern in the chart also bearish convergence in MACD
if price goes below $2.63( H&S base line) we expecting a feedback to the same line and after that price should go all the way down to the target($1.533)
we have a weak buying signal from ichimoku but seems it's gonna fail
at the end everything is up to BTC moves
finally qtum has made it's movelet's see what we have here ...
1. a flag pattern
2. a strong entry signal from ichimoku (tenkansen crossed kijunsen from bottom)
3. a Divergence from macd and also an entry signal from macd (signal line have crossed the base line)
so we a feedback to top of the flag and then rising to $3.86 as next target