QTUM/USD June's Lows Almost Reached
Qtum has broken through the support area at $8.2628 on Tuesday and developed its decline later. The currency pair has lost more than one percent in the past 24 hours. There is no clear direction currently as the price is close to June’s lows and we think bulls have prepared a huge support there.
The currency pair fluctuates close to the support area at $7.4706 in the moment of writing. This level is important is June’s lows lie there. We do not think that bears will be able to jump over it without any troubles.
As for the scenarios for the nearest future, QTUM is able to reach the support area at $7.4706. This is the main scenario for Thursday. However, bulls are able to regain momentum and drive QTUM/USD higher. The targets are above $8.2628.
Check the full crypto analysis HERE>>>.
The currency pair fluctuates close to the support area at $7.4706 in the moment of writing. This level is important is June’s lows lie there. We do not think that bears will be able to jump over it without any troubles.
As for the scenarios for the nearest future, QTUM is able to reach the support area at $7.4706. This is the main scenario for Thursday. However, bulls are able to regain momentum and drive QTUM/USD higher. The targets are above $8.2628.
Check the full crypto analysis HERE>>>.
Disclaimer
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.
Disclaimer
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.