We see a Cup and Handle forming. currently forming a handle within the wedge, if it breaks out of this wedge, i advise to wait on the sidelines and try to get in on the ground floor ( red zone)
The orange line is very local support
RSI is neutral as it is waiting for a move in this consolidation stage
I will try to keep this updated as time goes on but this is a coin to watch, when QTUM pumps we can easily see over 40%+ plus pumps.
Please share your thoughts below, I think this coin needs a bit more time, but I would wait for a breakout and then enter at the top of the wedge. /
We are simply part of a bigger picture which is the reason for the yellow lines!
We have a lot of resistance at the Moving Averages and declining volume!
I am optimistic as long as the orange line holds.
Please share your thoughts!
The orange line is very local support
RSI is neutral as it is waiting for a move in this consolidation stage
I will try to keep this updated as time goes on but this is a coin to watch, when QTUM pumps we can easily see over 40%+ plus pumps.
Please share your thoughts below, I think this coin needs a bit more time, but I would wait for a breakout and then enter at the top of the wedge. /
We are simply part of a bigger picture which is the reason for the yellow lines!
We have a lot of resistance at the Moving Averages and declining volume!
I am optimistic as long as the orange line holds.
Please share your thoughts!
Trade active:
We are waiting for a signal before entering or ignoring this trade.
Trade closed manually:
Does not look good for QTUM.. maybe later in the year i can revisit