QTUM/USDT Support at 200MA. 200% Target at 27$
Qtum hits the 200MA for the second time and we already see some signs of separation.
Now that Bitcoin surpassed 40k and is likely to move upwards again also altcoins are likely to gain some upwards momentum.
Entry is around 9$ and target around 27$.
Once the volume increases again things could go fast.
The first Qtum halving should also take place this year.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue and white line are 200MA and 50MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
Now that Bitcoin surpassed 40k and is likely to move upwards again also altcoins are likely to gain some upwards momentum.
Entry is around 9$ and target around 27$.
Once the volume increases again things could go fast.
The first Qtum halving should also take place this year.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue and white line are 200MA and 50MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
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