We are still waiting for the market moving average convergence divergent macd forex indicators turn. All altcoins are dependent on the King, Bitcoin, so Qtum is no exception.
Yet, some altcoins can go up and have their own moment, but the overall market condition will determine the general picture for all altcoins. So exited to share all those ideas with you. China that aims to make decentralised blockchain technology easy to deploy for enterprises. It provides a complete blockchain stack and is able to execute smart contracts and decentralised applications like the Ethereum blockchain. Hi Friends, Here is my TA for QTUM.
The partnership with two Chinese firms Qihu 360 and Baofeng who are major software development players is a clear indication of the blockchain intent to open doors for mass adoption. We see here that there may be a profitable peak, you see that much is being bought at that price. QTUM has been under pressure as well. The downward trend line connecting lower highs has been broken as the price closed below it. The RSI is also near the highs currently which points out to lower trading prices in the near future.
As far as the Fibonacci retracement levels are concerned, the coin broke the key 61. QTUM seems to be in a good position to perform to the upside short term. If we do see BTC go to 6550 before going down, I think QTUM will probably jump around the . 0017 area and then will establish a higher low while BTC will establish a lower low. This information is not a recommendation to buy or sell.
It is to be used for educational purposes only. QTUM Broken March 2018 Low , lets see how big boys shake the things out. Red horizontal lines are resistance zones. Breakout happend with a good volume buy, so if you want to go for it i advice to use trailing stops cause im not very sure on this one.