QTUMUSDT: Will This Breakout Lead to a Major Bull Run?Yello Paradisers! QTUMUSDT has broken out of a falling wedge pattern, increasing the probability of a bullish move. But, can we trust this breakout to lead us to significant gains?
💎For confirmation, we need a breakout and candle closing above the resistance zone. This will increase the likelihood of a bullish move, potentially driving the price to the next resistance levels.
💎However, if we see a pullback, we might witness a potential triple bottom pattern forming from the support zone. For this to confirm, we need an I-CHoCH indicating a shift towards a bullish market structure.
💎But beware, if there is a breakdown and candle closing below the support zone, our bullish outlook will be invalidated.
Stay vigilant, trade smart, and let's navigate these market moves together!
MyCryptoParadise
iFeel the success🌴
Qtumusdtanalysis
💡Don't miss the great buy opportunity in QTUMUSD @qtumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (11.556).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. QTUMUSD is in an uptrend, and the continuation of the 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= @ 13.764
TP2= @ 16.298
TP3= @ 18.691
TP4= @ 22.610
TP5= @ 26.527
SL= Break below S2
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