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
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.
P.S. If you are interested in getting trading signals of RSI and MA crossovers automatically on your phone, checkout Coinograph Bot and Chanel on telegram (t.me and t.me)
QTUM/BTC OPPORTUNITYHi Seildev here,
Today we're looking at Qtum/btc at a high activity zone around 0.0012 ~ 0.00128.
- Key horizontal area of interest @ 0.001957
- High of 0.0049 to 0.001957 shows Fib 127.2% at 0.001179 (Support 3)
- High of 0.00423 to 0.001957 shows Fib 127.2% at 0.00132584 (Support 2)
- High of 0.00352298 to 0.001957 shows Fib 141.4% at 0.0013515 (Support 1)
If we are to surpass key level at 0.001957 we can set our target at:
- Target 1 @ 0.001957
- Target 2 @ 0.0025
Side note:
- A nice doji candle has also formed Nov 5th
- RSI Divergence
As always trade with a plan and safe trading.
Seildev
QTUM Bullish Falling WedgeRSI is strong indicator spotting divergences.
Price reversal is in act and the falling wedge pattern is actually support this.
Falling wedge is considered as bullish (up trend market) pattern.
Bullish confirmation is when we break top of the pattern line.
So buy order should set above to this line.
Sell target is around 15 levels.
Some should left for the longer run.
Constructive criticism and comments are welcome.
Yarr
