QTUM/DOLLAR is in a range bound and beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 60.
The price is in a range bound, but we forecast the uptrend would begin.
There is possibility of temporary retracement to suggested support zone (18.13 to 10.74),...
QTUM has gone parabolic and the current retracement is about to hit the current parabolic line. This coupled with pennant formation and volume action would indicate an immenant breakout. Wait for confirmation of direction before setting orders
After the recent market correction, price has found support at the 0.5 Fib retracement level. if this level holds we could see a continuation of the uptrend, however the line of resistance could push price down.