Let’s observe another crypto pair QTUM/USDT. Daily timeframe shows us a very powerful price level proved by numerous touches and false breaks formed in April and in the beginning of May.
At this time price locates near this price level. At this time the price locates near this price level.
If today’s bar closes above this price level, it will be safe...
There is a Trading Signal to Buy in QTUMUSDT
Traders can open their Buy Trades NOW
⬆️Buy on neckline breakout
⭕️SL on uptrend breakdown
🔵TP1 @ 8.890
🔵TP2 @ 11.00
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STRONG BULLISH SIGNAL
Buy Qtum at 7.5$ for 0% RISK
Buy Qtum at 7$ or Less for 30% RISK
Sell QTUM 8$ , 8.5$ , 9$ , 9.8$ MAX
Following Indicators Used .
Following Methods Used :
Uptrend Double Line +ve
Shooting Star +ve
EXPECTING TO RISE BEFORE 23 FEB 2021
Analysis 🔎: QTUMUSDT is printing the inverse head and shoulders trend reversal pattern on the weekly timeframe. This is a bullish pattern.
RSI is printing a bullish divergence signal.
Buy entry ⬆️ - breakout above the inverse head and shoulders neckline resistance.
Targets 🎯 - horizontal resistance levels.
Setup invalidation ❌ - breakdown...
we have head and shoulders pattern in the chart also bearish convergence in MACD
if price goes below $2.63( H&S base line) we expecting a feedback to the same line and after that price should go all the way down to the target($1.533)
we have a weak buying signal from ichimoku but seems it's gonna fail
at the end everything is up to BTC moves
A descending trendline has been broken, one can buy long or invest in this pair once the weekly breakout zone and conquered and retested!
Our targets are shown by blue levels.