QTUMBTC trade ideas
QTUMBTC Trade| Range Pivot|Hidden Divergence|Neckline ResistanceEvening Traders,
Today’s Analysis – QTUMBTC – Testing range midpoint in an extended descending channel , PA is at trend pivot . Breaking bullish will establish a potential right shoulder, breaking bearish will make the immediate target, range support.
Points to consider,
- Trend trading in a channel
- Midpoint (Local support)
- Range resistance (neckline confluence)
- Hidden bullish divergence ( RSI )
- Volume profile in synch with H&S
QTUMBTC has been trending in a channel with the local support being respected, (range midpoint). Holding this area will establish a potential right shoulder in an H&S pattern.
The range resistance is a key pivot ; breaking above this will confirm the chart pattern.
QTUMBTC has a hidden bullish divergence ; price action at current level will confirm its significance.
The Volume profile is in synch with the potential head and shoulders pattern. Breaking the neckline will need volume follow through for confirmation.
Overall, in my opinion, QTUMBTC is at a pivot point in the chart. Price Action here will dictate the next directional move. Breaking bullish will confirm the pattern and trend change. Breaking down bearish will make the immediate target – range support.
What are your thoughts?
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“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
QTUMBTC Waiting for a breakoutQTUMBTC Waiting for a breakout. Now Qtum is in accumulation
According to Plancton strategy, we can set a nice order
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Cup And Handle ☕️ 🦐A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
QTUMBTC Nice breakout 🦐QTUMBTC did a nice breakout on the recent resistance, and now we are waiting for a retest.
According to Plancton strategy, we can set a nice order
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
QTUM short term resistance line brokenHello Traders,
QTUM seems to break the short term resistance line and make a pullback to test this level as support and the bulls held this area, so we are bullish with QTUM, but wait, it needs to accumulate more before making our entry,
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QTUM/BTC (Getting Ready For 4H Trend Change?)QTUM/BTC
-testing the top channel resistance at the 1660s
-holding above 20ma>50ma dynamic support
-new immediate support is being set at the 1640s
-if we see a break and closed above the box green
-buy orders are perfect to target the recent top 2000s
-stoploss is below 50ma
Bearish Trend on QTUMHello Traders,
QTUM is inside a short term resistance line and below every important resistance level, so we will assume the bearish trend will continue until we least broke the downtrend line, for now, we expect the price to continue the downtrend movement.
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Support and Resistance Trade Set-Up for QTUM/BTCHey all, here’s another entry on my tradingview series called 'Quick Updates'.
In the chart you can find a nice and clean trade set-up based on support and resistance
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!