QTUMUSDT.P trade ideas
QTUMUSDT broke the descending trendline 🦐QTUMUSDT broke the descending trendline.
IF the price will break the daily resistance, According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
QTUMUSDT, A crypto tent shelter))If the price will cross the Support level we should catch the situation for an open Sell trade.
This chart looks like shelters I had built when I was a child, that's why I choose such a title for my post.
The cost of Qtum (QTUM) today is $2.26, and the trade turnover for 24 hours is $ 136 532 153. For the last 24 hours the price has decreased by -0.4%. Now in circulation: 102.80 million, the total number of coins: 107.8 million. The most active exchange at which this crypt currency is exchanged is ZBG.
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QTUM, Looking to move upHey,
Simple idea on Qtum.
BINANCE:QTUMUSDT BINANCE:QTUMBTC BINANCE:QTUMETH BINANCE:QTUMUSD
QTUMUSDT Dynamic Resistance| Daily S/R| .618 Fibonacci| 200MAEvening Traders,
Second Analysis – QTUMUSDT- bearish Price Action with consecutive lower highs, a back test of Daily S/R is probable.
Points to consider,
- Bearish Price Action
- Key Dynamic Resistance (200 MA & .618 Confluence)
- Swing Low (Temporary Bottom)
- RSI Respecting Trend
- Stochastics Bearish
- Low Volume
QTUMUSDT is trading with bearish Price Action under key dynamic resistance; this allows us to have a bearish bias on the market. This area is in confluence with the .618 Fibonacci and 200 MA, adding to the probability of a resistance respect.
The swing low is a temporary bottom; price taking it out will make the Daily S/R an immediate target.
The RSI is respecting its trend line, a break will coincide with further downside on the stochastics. The stochastics are currently holding the 50 mid-point with a valid sell cross at current given time.
Volume is currently very low; an influx is probable when testing ley trade locations such as the Daily S/R.
Overall, in my opinion, QTUMUSDT is a valid short with defined risk; Price Action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
Support tested on QtumWith a clear fail on the 2.43 supp of Qtum its time to either retest 3.3 or 3.8.
RSI ready for new pushWith the rsi under 50 on the 4 h, BTC and gold rising, Qtum has greenlight for more pump.
Qtum parabolic to 10 dollars a pieceQtum is way better than ethereum in every aspect, based on the same tech and is a lot cheaper, faster and more advanced.
Looking for entry into qtumQtum does not have a lot of resistance above it, its a pretty good coin and can go up a lot. Lets give it a try.
