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 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 started. Let's see if QTUM can reach the upper line or not.
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).
Consolidation 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 consolidation range.
Recovery Trend Gaining Momentum: The late 2023...
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.
The 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).
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.
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 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 months before it took place.
Yes, the market are 100%...
After being rejected by a historical descending trend line and breaking just under the closest level of support it looks to us like the price of #QTUM will be heading further down over the next few days and weeks.
Possibly breaking through a few more levels of support would take the price down to $1.85 which would be nearly 40% profit on this Short trade from...
Much like our earlier trading idea regarding #QTUM on the daily timeframe, #QTUMUSD on the 2D timeframe is indicating very similar results.
The price has been ranging for some time within this descending (and closing) channel, there's a fresh rejection off upper resistance and a strong Sell signal from CTv2.
We can see an easy 10% on this Short trade, going all...
QTUM quantum Breakout Incoming! Can buy Quantum . I bought it and froze it 1.72$ is the most favorable situation to buy the qtum asset, the price will
soon increase and we will make a profit by Sell 5$ There will be such information that this news will cause the price to change. How the price changed after some information we provided
I bought Quantum (QTUM). The reason is that the price is very cheap and it is worth my purchase. The price of this asset is very low now and we are facing an upswing that will give good returns in the future
I bought Quantum (QTUM). The reason is that the price is very cheap and it is worth my purchase. The price of this asset is very low now and we are facing an upswing that will give good returns in the future
Hello Traders!
QTUM continues to drop. The price has tested the resistance level of $5.00, where it met the seller's reaction.
Based on the analysis of senior timeframes, we can assume one more wave of decline. We can expect the culmination of the downward movement near the support level of $1.60.
It is possible to consider medium-term purchases in the...
