Potential sell off on the way. This is for my education only. Just thought you guys should know what i think is going to happen to QTUM.
Scenario 1 we go straight down to our Lows around $4.2 and trade sideways for a few weeks
Scenario 2 we go test $5 support then move up a bit then take another drop down to $4.2 support. Most likely to happen.
Scenario 3 could happen since the rest of the world is waiting for Quantitative Easing. (We could see a massive pump in the market but this scenario probably unlikely.)
Momentum candles point down as we have a bearish candle. Doji is pretty much the calm before the storm.
Be careful guys and if you haven't bought in yet wait for a breakout before putting in some orders.
Scenario 1 we go straight down to our Lows around $4.2 and trade sideways for a few weeks
Scenario 2 we go test $5 support then move up a bit then take another drop down to $4.2 support. Most likely to happen.
Scenario 3 could happen since the rest of the world is waiting for Quantitative Easing. (We could see a massive pump in the market but this scenario probably unlikely.)
Momentum candles point down as we have a bearish candle. Doji is pretty much the calm before the storm.
Be careful guys and if you haven't bought in yet wait for a breakout before putting in some orders.