QTUM Update
Gray wave 2 happened as a flat correction, and price pumped for gray wave 3.
Wave 4 correction should stay above 3.846. If this price breaks, the count invalidates.
Quantum (QTUM)Quantum chart is interesting: a fluctuating start and a small up, followed by a long and deep correction, then a strong upward move, and again a correction move, which seems to form a harmonic pattern. After the harmonic pattern ended and when price broke the downtrend line, an impulse upward wave s
qtum high potention.QTUM is a blockchain project that aims to connect the best of Bitcoin and Ethereum. Since 2021, the team has mainly focused on DeFi (Decentralized Finance).
QTUM price prepares breakout run to $10Consolidation Phase: QTUM is currently in a prolonged consolidation phase, indicating a potential breakout.
Golden Crossover Potential: The weekly chart shows the possibility of a golden crossover, a bullish signal.
Price Range Trapped: Post-2021 bear market, QTUM's price has been trapped in a conso
Will Qtum be next?Gas has shown incredible gains during past 30 days (+1000%). Although there is no relation between the two, Qtum is following the same chart structure as Gas. That’s why I am anticipating a strong upward move on Qtum anytime soon.
QTUM Bullish UpdateThe green trendline support was tested as expected (red arrow predicted in July), and we finally broke the descending wedge to the upside.
Ideally, I´d like to see a retest of the wedge´s upper trendline (blue arrow). If we get a rejection to the upside, I´ll look for long trades (green arrow).
qtumusdtBULLISH FALLING WEDGE
1st rising trend done
downtrend as correction done
breakout wedge and retest done
QTUM - Downside follow-through
The downside scenario (see related idea) is clearly playing out, and I initially expect a test of the green mid-wedge line.
$2 should offer initial support, but there is still no reason to be bullish for QTUM.
QTUM - Descending wedge
We´re looking at a year-long descending wedge, which doesn´t seem over yet.
Short term I expect a new text of the mid-wedge trendline (green), and don´t plan any longer term longs until a higher high is in place above the wedge.
✴️ Qtum Goes Bullish (Next Target Beyond $5.555, Possible!)Qtum has gone bullish and we are looking at it through the 1,2,3,4 Steps Pattern but we will go beyond this time.
We already know that the entire Cryptocurrency market is either at #4 or entering #4, a new bullish wave.
Thanks to these amazing charts and tools, we were able to predict all of this
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