Qtum Chart Analysis W/ Targets

Sep 15, 2021

Ever since the 14-Aug. high, QTUMUSDT has been consolidating...

A higher high took place later on 15-Sept. yet the price range still remains within an accumulation zone.

Why accumulation and not distribution?

• We have a bullish market overall.
  
• We are on a bullish wave.
  
• The strong bearish candle on 7-Sept. which closed above EMA50 and EMA100 results in a bullish signal.
  
• A higher high after 14-Aug. gives the bulls additional support.
  
• The RSI is above 50...
  

This all means that QTUMUSDT remains strong.

Prices can drop here, for sure, but we have more bullish than bearish signals and we are reading a chart afterall.

You still need a plan/strategy to trade.

This is not financial advice.

Thank you for reading.

Namaste.