Qtum (QTUMBTC) Hits New Low (What Next?)

Qtum has hit a new low and this one has been oversold for a while now. Let's take a quick read at the charts:

• We are looking at some really strong divergence on the MACD. This chart shows 3 days per candle.
  
• Coming out of oversold.
  
• Still needs more volume.
  
• Trying to break above EMA10.
  
• QTUMBTC should breakout in 1-2 weeks if the market turns green. If not, it can continue on its slow decline. Early signals points to a corrective wave up at least.
  
• The weekly candle is forming a reversal candle. Weekly candle closes within 32 hours.
  

Note: This is no trade advice.
Keep an eye out on this coin if you like it as it might move up soon.

Thanks a lot for reading.

Namaste.

Comment:

This one is already moving, over 10% increase since sharing.

Good potential for QTUM as well.

We have a signal for this altcoin in our Telegram Signals channel.