I think we are living the third minor wave of the fifth intermediate wave of QTUM. If the low for the intermediate correction (3 -> 4) is priced in, QTUM needs to trade above 46.45 USD at all times. If the low is NOT priced in, we are still under this correction. The yellow box is the price objective (range 0.382 -> 0.618 Fibonacci).
Either way, as long as QTUM trades above 39 USD (0.619 Fib retracement from intermediate 2), higher prices must be expected.