QTUMBTC
💡 Don't miss the great buy opportunity in QTUM/BTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00012). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. QTUM/BTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.000165
TP2= @ 0.000211
TP3= @ 0.000256
TP4= @ 0.000303
TP5= @ 0.000360
TP6= @ 0.000450
SL= Break below S2
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💡Don't miss the great buy opportunity in QTUMBTCMidterm forecast:
While the price is above the support 0.00006278 , beginning of uptrend is expected.
We make sure when the resistance at 0.00015500 breaks.
If the support at 0.00006278 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 0.00012217 on 2020-11-06 and the trough at 0.00006340 on 2021-01-03, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 0.00006278 on 01/03/2021, so more gains to resistance(s) 0.00013020 and maximum to Major Resistance (0.00015500) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 63.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.00009435 to 0.00008161). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.00009435 )
. Ending of entry zone (0.00008161)
Take Profits:
TP1 @ 0.00013020
TP2 @ 0.00015500
TP3 @ 0.00021100
TP4 @ 0.00025700
TP5 @ 0.00030300
TP6 @ 0.00035310
TP7 @ 0.00043750
TP8 @ 0.00071895
TP9 @ 0.00119043
TP10 => Free
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Trade well, ❤️
ForecastCity English Support Team ❤️
QTUM Holding the Support Area - Technical Analysis on Qtum.QTUM Holding the Support Area
Qtum Has Ready to break the Down channel pattern
Already touch the meanwhile Buttom.
Qtum is also Consolidating the price.
EMA & SMMA is very near to cross still not Crossover completed.
If Qtum break the Bullish line then we Assume some trend Changing in price.
i have mantion 5 Target Its totally depend on BTC market
if this is buttom then Definetly we see to hit our target.
i Have also given Stop loss or support area.