QTUM did have a good raise last days. Today it shows many of bullish sign that makes me confident to give it another try. The bullish signs are including:
- Double bottom pattern on daily chart.
- MACD, macd line cross up zero line.
- The Tenkan-sen crossover the Kijun-sen (of Ichimoku Kinko Hyo).
There will have a small pull back of QTUM due to strong Fib. 61.8% resitance decline, there will be a good chance to buy QTUM on next correction.
Buy zone: 2.9 to 3.1 (Fib. 50% and Fib. 61.8%)
Sell targets: 3.3 and 3.6
Stop-loss: Below 2.8 (Fib. 23.6%)
P/S: This is not a financial advice.
Note
1st target reached.Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.