qtumusdnice setup with low risk. in contracting triangle pattern.
after 4$ breakout you can enter in correction.
targets are marked in chart
don't forget about SL
good luck
QTMUSD
QTMUSDBITFINEX:QTMUSD
LOOKS LIKE QTM IS REVERSING THE TREND.. SETTING LL - LH WITH GOOD RSI COOL OFF AND MACD OVERCOMING THE HISTOGRAM.
Quantum huge descending wedge + Triple bottomI have not seen a better alt-coin chart than QTUM's.
This is probably the epitome of the perfect chart to go long.
A huge descending wedge, the bottom of which is supported by the previous high volume nodes forming a triple bottom!
HOWEVER, it looks like Bitcoin is about to go to Goblin town any time soon, and in this kind of market environment, alt coins' individual charts don't mean shiet.
It's a pity..
QTM in flag?QTM has left the ascending trend channel and entered a bullish?? flag - where it tests the lower limit actually.
If the limit is broken then the next support would be 19,20$ - a swing trend line. It seems that this support is strong - and it should halt.
In the case the upper limit would be broken - the next resistance is near and even when crossed to the top, the next fib retracement (27.30$) is also around the corner.
You see the two possiblities in green or red.
As the testing of the lower limit hasn´t ended yet we´ve to wait and to be patient.
For other coins as BTC and ETH I expect an ABC correction - so if QTM follows the trend and if I´m right - the probabiliy of a downtrend is higher than the uptrend.
conclusion: more probability for short than for long
Qtm/usd is about to buy.
Hello friends,
if the price goes out of the small structure its means bull get started.
This is one of the good trade getting ready for me.
because of the risk vs reward very satisfactory.
QTUM also wonderful project.
We got a sharp impulse left side of the chart
& huge correction also playout after the impulse.
QTM bullish setup, patience neededQTM jumped last weekend but fell back soon afterwards.
Still, it's trading within an upward channel. I would consider this a bullish accumulation phase.
In case of breakout, I expect at least the height of the range, roughly $80, as the first target. The crucial test would be $100. That will depend on the overall crypto market, I think.
Targets and buy-moment QTMUSDNow that QTMUSD was one of the top climbers of yesterday, I thought it might be interesting to see what may happen today.
Because of the trend not being able to set a new lower bottom, I assume that wave 4 is yet finished with a retracement of 76.47%.
I set my goals on 78.6% , 100% and 123.6% as seen in the chart. I myself bought a little bit to early at $ 55.7 at 6 am this morning (Holland, GMT+1). If you want to be a bit more sure, you can wait for it to set a higher top (what would be inherent to breaking out of the descending trendchannel (/FLAG?)) and then buy after a close around $ 62.5.
Also you can set the bands of your CCI to -150 and +150. Earlier big rises came along with a breakout out the +150 CCI-band, the 70 RSI-band and volume breaking through the MA. So if you want do reducse your risk. Wait for those indicators to jump in. ;)
Funny note: See how the retracement of the last subwave is EXACTLY the same as wave 4.
All reflections are welcome! Either I see things right or wrong or I used the wrong terms ... anything that can help me in the future, thank you.
