Good morning,
I have a simple analysis of QTUM for you. We are approaching the uptrend line from when the crypto market bottomed out in mid September. It also appears that the resistance-turned-support at $10.50 coincides with this mark. I expect to see a bounce up in this are and a continuation of the uptrend.
As always with altcoins, keep an eye on Bitcoin....
Here are my thoughts on QTUM USD. Again amazed by how different fib levels and price actions clearly align.
At these key levels look out for reversal signals (RSI DIV, other oscillators or indicator divergences are my favorite)
Please use this as a reference to guide your QTUM/BTC trades.
I like to chart in USD base as it removes BTC fluctuations and most of...
QTUM is consolidating around historic a historically strong support level. MACD looks like it will cross over in the next couple of cycles. RSI is in the oversold area. Bands are tightening up. With their Main Net releasing in a week on 9-13, I would expect some positive price action leading up to it.
