Qtum (QTM) - Preliminary Buy Signals

QTMUSD Strong candidate as future blockchain platform makes it high in demand.

POSITIONS
Bought position @ 3700 (HIGH RISK ENTRY)

BUY SIGNALS
- T&K bull cross
- Price-T&K bull cross (nearly complete)

INTERPRETATION
This was more of a spontaneous early buy & preliminary scan. Although there are limited buy signals, I consider it appropriate to take an early, high risk position as I believe QTUM has the capability to secure the bull run. In the scenario it is rejected, it a viable long-term hold that will yield positive results despite initial loss.

CAUTIONS/CONFIRMATIONS:
-Price-Cloud entry & breakout through next red cloud to confirm suspected bull trend
- next cloud has fairly thick cloud; selling pressure may be too much to break through resistance

Comment:

POSITION
hold current; buy @ Price-Cloud bull entry & breakout

CAUTIONS/CONFIRMATIONS
- Price-Cloud bull entry & breakout
- pattern formations

INTERPRETATIONS
QTUM continues to trade sideways below the cloud w/the T&K lines interchanging. Clarity of bull/bear chart formations should help show some clarity on where QTUM wants to head. My personal buy signal will be when QTUM price enters & breaks above the cloud; this resistance has been a challenge.

 

Trade active:

POSITION
Entry @ 3600 (Target @ 6000)

BUY SIGNALS
- bullish pennant completion
- T&K bull cross
- Price-T&K bull cross

CAUTIONS/CONFIRMATIONS
- Price-Cloud entry & breakout (confirms bullish buy signal)
- expanding volume confirms breakout

INTERPRETATIONS
This is an early entry. Safest option is to wait for possible pullback. Stop-loss should be placed at ~3000.

 

Comment:

PROBLEM WITH UPDATED GRAPH UPLOAD

 

Trade closed manually:

THREAD CLOSED DUE TO FAULTY GRAPH UPLOAD. QTUM ANALYSIS WILL BE CONTINUED ON FRESH IDEA PAGE.