Qtum
QTUM/USDT Consolidation above support foring a sym triangleQTUM as a high decentralized Proof of stake blockchain compatible with BTC and ETH is poised to have a bright future.
However, QTUM did not rally as much as other coins did since March 2020.
Now we see consolidation above the support line around 7.5$.
Nearing the Apex of the current symmetrical triangle we look for an upwards breakout.
A strong increase in volume is expected.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
QTUM formed a big bullish Cypher for upto 200% moveHey dear friends, hope you are well and welcome to the new update on QTUM coin.
On the weekly time frame chart, the price action of Qtum has formed a bullish Cypher pattern. There is also 25 simple moving average additional support in the buying zone and the 50 simple moving average below the buying zone.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
QTUM $155.4 (2244%) at The End of July 2021We can see on the elliott wave ABCDE there is the same pattern as the previous cycle. In waves A to B (High to Low) it takes about 12 days. From the lowest point to the next highest point (B to C) it takes about 73 days. Then from the highest point to the next low (C to D) takes 16 days. Then the next biggest wave will start, the journey from the lowest point C to the highest point D will last for 69 days. It will end at the end of July with an increase of more than 2244% or the equivalent of $155.4.
There is something unique here, the key is number 4.
Every highest increase to the highest x4
Previous uptrend phase to the next uptrend -4d
The previous downtrend phase to the next downtrend +4d
The number 4 for QTUM (Quantum) is very magical, just like the Four quantum number in physics,
Principal quantum number (n)
Azimuthal quantum number (ℓ)
Magnetic quantum number (mℓ)
Spin quantum number (s)
Don't miss the opportunity, QTUM is on its way to new ATH.
QTUM/USDT Update: Huge pullback. ATH now >10x awayQTUM did see a huge pullback >70% and is now at a critical lvl around 8$.
This and the 4.5$ support are nice entry levels.
We are currently >10x away from the ATH around 100$ and Qtum did have great news this year.
This graphs shows you why it is smart to take out some profit along the upwards ride.
Then you have to buyback at lower levels.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
QTUMUSDT (4h chart)QTUMUSDT (4H CHART) Technical Analysis Update
QTUM/USDT currently trading at $25.65
Buy-level: $24.45 - $25.60
Stop loss: Below $21.35
Target 1: $28.15
Target 2: $30.60
Target 3: $32.30
Target 4: $35.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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💡Don't miss the great buy opportunity in QTUMUSD @qtum
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (23.38).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. QTUMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 26.45
TP2= @ 28.51
TP3= @ 30.28
TP4= @ 32.73
TP5= @ 35.58
TP6= @ 40.00
SL= Break below S2
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💡Don't miss the great buy opportunity in QTUMUSD @qtum
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (23.38).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. QTUMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 26.45
TP2= @ 28.51
TP3= @ 30.28
TP4= @ 32.73
TP5= @ 35.58
TP6= @40.00
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
QTUM/USDT Update: Targets reached. What's next?Qtum had great news over the last week like partnering with Travala, launching a venture captial group in Sweden and the hard fork on April 30.
That's why all our targets were reached and we did take at least partial profit.
Now we see a retracement from a spike and are likely to see some support around 22-23$ which was the last resistance line.
It also falls together with the 0.5Fib and a bullish rejection there indicates more upside movement.
Looking at the all time charts we see that 60$ is still a previous ATH as well as 100$ for spiketrading.
Currently we expect some consolidation before the next leg up.
But the ground layer is set and Qtum can look into a bright future.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
QTUM daily analysisAn extremely strong resistance level has been conquered with a relatively high trading volume(Neither low nor very high)
So the price is attractive to new traders, and current traders can still buy
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My last target is 135%, but it is possible to reach higher levels
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This is not financial advice
Sincerely, Little Bob