QTUMBTC
has seen a healthy rise in its current ascending channel. The mid-channel line has provided a very strong support. Look for entry near the mid-channel line, and safe exits at the top of the channel. If the price breaks resistance near 0.00382 BTC, I expect it to potentially break the channel and aim for previous resistance zones. I will update the idea accordingly.
Comment:
Looks like
QTUMBTC
saw major rejection at the top of the channel. Regardless, it's still being supported by the mid-channel trend line. I'm still holding my position.
QTUMBTC
saw major rejection at the top of the channel. Regardless, it's still being supported by the mid-channel trend line. I'm still holding my position.
Trade closed: target reached:
I took profit at the top of the channel. Looking for re-entry in the mid-channel zone.
