💡Don't miss the great buy opportunity in QTUMUSDTrading 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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Qtumusdtanalysis
QTUMUSDT Falling Wedge Bullish BreakoutQTUMUSDT Falling Wedge Bullish Breakout
We have seen that QTUMUSDT has created ATH at level 35.66 and then came the correction phase. In the correction process, QTUMUSDT has created a falling wedge pattern and now being broken.
We may have a very profitable trade if the setup is validated.
NOTE: DO YOUR OWN ANALYSIS, DO PROPER RISK AND MONEY MANAGEMENT. SPOT TRADING ONLY.
Filling the supply area and waiting for the fallAfter collecting the stops and Sell orders (red box), you should think more about falling
If the red box penetrates, both at this time and the lower time, the downside view will change and a new analysis will have to be presented after further investigation.
At 15 minutes, you can see that we did not have a quick return after the fall, and it remained in the side range and the supply area (red box) was collected
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