QTUM Bullish Pennant After this sharp uptrend, QTUM seems to be consolidating, forming a well-shaped bullish pennant. If it breaks out and candles close at around $33, this will confirm the continuation of the uptrend we've seen so far, looking very possible with such sharp volume today.
Qtum
QTUM - A Quantum Leap Forward After Another?Interestingly, after an intense rally up to $31 last night, BITTREX:QTUMUSD seems to be consolidating pretty well. It's always hovering above $27 USD which serves as a support level at this point. Here, we can see that a pennant is forming hence the spike in price when it broke out but dropped back inside due to low volume. It's going to be interesting to see what would happen in the next few hours. Will BITTREX:QTUMUSD undergo a major correction or is another quantum leap awaiting for us?
$NEO just broke wedge and rising!$NEO has the capacity to run for at least 35%-55% before hitting major resistance! $NEO has a high positive correlation with $OMG and $QTUM and they just broke up for massive gains!
QTUM -- Waking UpAfter a double-bottom bounce at $9.78 one week ago, QTUM is currently on a week-long bull run, reaching prices as high as $19.78, which is well within striking distance of the all-time-high.
Large upper wicks of profit taking could indicate antsy token holders –those who bought near the all-time-high, have been disappointed by the price action, and are looking to recoup their losses.
We’re nearing overbought conditions on the daily time frame, and I expect a modest pullback before QTUM continues its upward trend. This is also indicated through the MACD on the 4 Hour timeframe, nearing a bearish cross in moving averages. Despite those bearish indicators, QTUM is solidly above the 200 MA on all timeframes thanks to this week’s run, and the bulls seem to be in control for the foreseeable future.
QTUM is currently sitting on the 0.786 Fibonacci retracement level (~$17.64). These levels are notoriously shaky, and rarely hold, except to launch price higher in the event of a larger bull run. A close above $18.65 with significant volume would indicate such a bull run. If the 0.786 does not hold, I expect QTUM to retrace to the 0.618 Fib level (~$15.96) with some possible support around $16.41. The 0.618 Fib has been a critical level for QTUM, acting as resistance since the major dump this past September, and I would be surprised if we broke it now that we're so solidly above it.
If we do break below the 0.618 Fib level and the soft support of $15.72, we could be looking at a much more serious correction that could reach as low as $12 or $13, where our last major support was on this phenomenal (and hopefully continuing) bull run.
I do not expect a full retracement to last week’s low of $9.78. DYOR, TNFA, etc.
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QTUM/BTC BTRXStock RSI looks good for both 1h and 1d.
MACD seems to reverse.
May test previous support zone
Good Buy Opportunity for QTUMSeveral indicators call for a QTUM trade.
MACD & RSI showing bullish divergence and signs.
Support zone reached
BUY in -> Around 0.0275 - 0.0285.
STOP -> Around 0.026
TARGETS -> 0.0349 - 0.0410
Disclaimer: Not a professional trader. This is not financial advise.
QTUM: My Body is Ready.BITTREX:QTUMBTC 2.80% has been in a downtrend for quite some time but is primed for a trend reversal. On the larger timeframe, it becomes clear that the downtrend is becoming weaker and QTUM may have completed the last impulse wave in the trend. That combined with the moving average congestion and Bollinger Band compression would seem to suggest a strong move is upward incoming. This would be a great place to pick up some QTUM for a long term hold.
Optimal Entry: 0.00115 - 0.00118
(Waiting for break above 0.00123 is also an option)
Update with targets and TP's soon once move becomes clearer.
QTUM double bottom into breakout Qtum is one of my favorite Cryptos, it hasn't gotten much attention lately. RSI is suggesting a buy on this level. I think we are going to see new ATH's soon. I May be a little to bullish , but defenitlly a solid buy in for mid or long term trades.
#QTUM looks like a good buy - RSI LOW, MACD bullish.Indicators implying that QTUM has bounced off support and will rise.
RSI is very low indicating a good buying opportunity.
Qtum buy opportunityQtum seems to be finding support, would be a possible reversal of the trend
stop loss under 0.0011
QTUM New Low: Go Big or Go HomeBITTREX:QTUMBTC has reached a a new low and is a good position to make some upwards moves as it appears to be completing the 5th wave of the downward trend and is a good position for reversal. This is a good point for entry in a long term trade and considering the strength of the QTUM project, this should be an easy long term hold with 25%+ gains
Entry: <12300-12500
QTUM LongQtum coming to end of a huge decending wedge.
Bithum and Bitfinex support means a lot of money could come rushing into this coin if it starts to make a move.
The development team is passionate and active.
Open long here and wait for it to rise.
UPDATE: QTUM, Buying Up the New Low...BITTREX:QTUMBTC Has made yet another new low but volume is picking up as price is gearing up for a recover bounce. Anytime price continues to create new lows in a market like crypto, I scoop 'em up. For the moment however, I am switching this trade from a long term to short/midterm trade.
Qtum Buy OpportunityThe price is at the support zone which can stop and reverse the market. The bullish divergence gives a trend reversal signal. MACD supports upward movement and DMI allows opening long trades. Pending orders for buy can be placed at 0.028500 level. Stop orders should be placed at 0.026500 level. Profit targets are 0.035000 and 0.042000 levels. If the price breaks the downtrend line, we'll get an additional signal confirming the trend reversal. The market has potential for good upward movement.
Qtum forming a complex H&SQtum ratio is forming a complex H&S while getting close to the downtrend line. Volume has been up lately and we could see the price breaking upwards. Pending orders must be placed right above the H&S neckline. PT would be the depth of the head (head low to neckline) added to the breakout price which will be about 0.0025 BTC. Of course this all depends how the entire crypto market acts in the following days.
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