Here is the 2hr chart for QTUM-BTC. Seems like QTUM is preparing for a quick upward movement with potentially good profit. Although indicators do not suggest a strong bullish movement yet, QTUM has shown good strength to BTC volatility, that gives us a green light for a possible trade opportunity. But keep in mind it will be a risky trade, so trade what you can afford.
- Confirmation Signal: 0.0040-42 level (buy) -It may range at the current resistance level or move back into channel and then move up again (all due to changing BTC trend). Wait for the confirmation. - Stop loss: up to you- you can set it on based on your risk and capital management.
Target 1 and 2 are likely once we get the confirmation and start moving upward. Target 3 is the long target that depends on how the upward movement will look like. It would need reevaluation once target 1 and 2 are achieved.
Please be aware that altcoins including QTUM will be affected by strong BTC movement.
*** This is not a financial/investment advise. Trade at your own risk and do your research before setting up a trade.
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Hodl.. We are sailing in the channel, waiting to break the resistance. Be patient.
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You can buy and start the trade now. Good luck..
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It is the game of waiting and being patient. We are cruising at the 36k level, which seems to be a strong support. Nothing to worry. We will be going up.