QTUM is in a bullish run, SMA50 breaking downward trend and a second bullish pennant (bull flag) may form. With the second bull flag an opportunity rises to short QTUM on a one/two day time frame with 4-9%. If bull flag doesn't hold and breaks downwards you still have expanded your absolute position in QTU M. If QTUM breaks upward from the pennant, enjoy the ride and take your double profits.
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Daily charts' TD sequential shows room for further growth in to the coming week.
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Buy wall @ 0.0027 btc and smaller one @ 0.0026 btc may indicate our back buy range.
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I bought back in around 0.00267 BTC level, trade completed and succesfully shorted ~5%. Now let us crush that pennant upwards and enjoy the ride!
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Further gains could have been taken if you're up for more risk. Buy targets @0.0026 and 0.0025
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Prices have bounced from the SMA50 line on the last few 4 hour candles, pennant is getting more likely to form. Are we in for a nice bullish breakout through the 0.0030 range?!