QTUMUSDT trade ideas
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.
QTUMUSDT - Forming Bullish Inverted Head & Shoulder Pattern ?Forming Bullish Inverted Head & Shoulder Pattern ???
QTUM / Quantum USDTFundamental Analysis
QTUM :
1. Staking offline program
2. Hardfork QTUM
is it effected ? Let see .....
#QTUM one can only hope i was stupid enough to miss the retest,
we are currently trading at weekly resistance SO HOPING it will reject & come down to form right shoulder, Setup invalid if we close weekly candle above red box
#notfinancialadvisor
#DoYourOwnResearch
QTUM- On fire! Now or wait for the pullbackPropelled by the news of offline staking, mainnet and potential DeFi project, QTUM is on the hot steak lately.
One of the two famous smart contract platform projects, along with NEO, from China back in 2017. It is trading below its long-term S/R lvl and is about 96% from its ATH (Check my links below for other coins that are down over 90% from their ATH- SNT & NANO).
On the daily time frame, it seems very over-extended so pullback may be imminent. I would not mind hopping onto the bandwagon now with small order because next resistance lvl is still 20% away and add onto the position on the pullback.
QTUM/USDT long Bullish Engulfing + RSI was Oversold (1h)
Confluence of HTF-POC/Daily/Central-Pivot acting as support
QTUMBTC Daily S/R| Trend Trade|.50 Fibonacci |Range Mid point Evening Traders,
Today’s Analysis – QTUMUSDT- breaking daily S/R after running liquidity, a long trade is valid for continuation.
Points to consider,
- Trend bullish (consecutive higher lows)
- Daily S/R Flip retest (.50 Fibonacci)
- Range Mid (Local Resistance)
- Oscillators above 50
- Volume below average
QTUMUSDT’s immediate trend is bullish with consecutive higher highs and higher lows, this gives us a bullish bias on the market.
The current daily S/R is likely to be back tested for an S/R Flip retest. Holding the .50 Fibonacci will maintain the bullish structure.
Range midpoint is local resistance that has been respected, price is likely to consolidate below this level before continuation.
Both oscillators are above 50, this signals strength in the market, breaking bellow will be bearish.
The current volume profile is below average, an influx is likely upon a back test, this will signify momentum picking up in the trend.
Overall, in my opinion, a back test and hold of the .50 Fibonacci will allow for a valid long. Risk must be defined and price action to be used for discretion and management of the trade.
What are your thoughts?
Thank you for following my work !
And remember,
“Trading mastery is a state of complete acceptance of probability, not a state of fight it.”
― Yvan Byeajee
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/USDT bullish pennantQTUM is consolidation and if the price closes above the previous candle is a buy for me. Great R/R BINANCE:QTUMUSDT
QTUMUSDTPERP ATH, Due for a correction?This is just a hunch, a "feeling" (worst thing to say when trading) that I have with QTUM.
It has enjoyed a great run up to $2.91, an ATH in the PERP market.
When it gets to the end of the wedge (or before), I believe it will fall below $2.50.
Basically the worst TA I have ever done BUT I have a "feeling" (all the warm fuzzies).
I am posting this so my future self can either ridicule me for being a 'feeling' guy OR my future self will say "you were right but you gambled and for that you 're a jacka**."
We shall see...
Please comment with your thoughts.
Obviously this is not investment advise!!! DYOR
AND SMASH THAT LIKE BUTTON, ya' know for the 'feels' :)
QTUM/USDT bearish cypherQtum is making a bearish cypher. Looking to play the D wave. Selling the PCZ 0.786
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.
