Qtum/BTC Breaks resistance

13 thg 4, 2018

Fact 1: Qtum is a top 20 currency with good fundamentals and a huge & active community
Fact 2: For 2-3 weeks now the price was in a sideways move in a channel with a strong resistance at 0.00210 and support tested twice at 0.00188

Yesterday a breakout of the resistance happened. Why I like it:

a. It was happening with significant volume
b. It happened after the Bitcoin crazy run so a coin recovering so fast, it's one which has some bulls behind it.
c. It is retested as we speak with lower volume


I would enter around 0.00218 with the first target at 0.00250,a healthy 14% profit. Still, I really think this one can go much higher of the volume from mid-March will come back.

13 thg 4, 2018

Bình luận

The entry level can be seen much easier on 1H graph.

14 thg 4, 2018

Bình luận

The break didn't happen, but Qtum will still be on my do-follow list.