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🌴
Trade ideas
QTUMUSDT Good For LongHi Guys,
QTUM USDT Technical Analysis For Education Purpose. Go through Your Own Analysis.
Major Points Which I Considered on Daily Time Frame are given below.
1.Price Correction Has Almost Going To End. Yellow Trend Line Shows Correction is going to Over.
2. QTUM is now under TIME CORRECTION . Because No More New Lows.
3. Left Rounding Bottom as completed (Multiple Support at Rounding Bottom represented by Cyan Dots) , Waiting for Right Side Bottom with VOLUMES.
4. Recent Rejection at Red Dot. Waiting to Break with Good Volumes.
5. Price at POC Level in Volume Profile.
6. Follow 33% ,33%, 33% Rule for Entry at Breakout , Retest , Again Breakout.
NAMSATEY INDIA
💡Don't miss the great buy opportunity in QTUMUSD @qtumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.430).
. 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 62.
Take Profits:
TP1= @ 7.366
TP2= @ 7.990
TP3= @ 8.511
TP4= @ 9.742
TP5= @ 10.575
SL= Break below S2
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ForecastCity English Support Team ❤️
qtumusdtThis is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
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💡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
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️






















