Based on technical analysis there are two nearby zones of entry and exit. Fibonacci retracement at level 0.618 seems to be a good target zone for the QTUM USDT pair. This pair seems to move in a very distinctive pattern of plateau, rise, plateau, dive and so on.
Entry 1 @ 8.877 - 8.670 (hits a major support level)
Target Exit 1 @ 14.440 (coincides with another...
This pair is trading in a descending triangle, but expect it to break this trend around Dec 15.
RSI is moving in the overbought zone.
Possible ENTRY Point at 0.22893
Conservative EXIT point at 0.3575 —> @ 52% profit
Optimistic EXIT point at 0.4100 —> @ 78% profit
Placing a Take Profit in the first exit point is always a good strategy. 20-50% of the position,...
Using mainly channels and ATH restrain the graph shows it is going for the 4th upper move upwards up until very near the ATH price for this pair.
MACD shows force of sells is over for the time being.
Entry point by today @2.08.
There are 2 exit points, one conservative and the other more optimistic or riskier, at 2.60 and 2.68 respectively.
This represents...
Although 0.5 is not a per se level of Fibonacci, it is a very good level to watch.
Chart BTCMXN
Original levels placed in the following order:
Level 0 @ 1399157.59
Level 1 @ 825350.38
Levels 0.236 and 0.382 already broken
