Qtum is sitting on the 50 ma on the daily, sitting near the bottom of the ichi cloud, has falling sell volume and painted a very nice picture. You can see where the crowd on the side was waiting to buy the breakout of the falling triangle and the bears have pulled claws out. IF we hold the ichi cloud support I expect a nice bounce and uptrend resuming here.
Comment which direction you think it will move and why?
Comment which direction you think it will move and why?
Note
so Qtum decided 50% wasn't enough and dropped to the more technical area of 62% fib retrace,it is now back up and testing the waters again. worth watching for a confirmed breakout up to enter if you havn't already
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.