Hello Traders!
QTUM went into an uptrend after the correction.
On the daily timeframe, MA100 acts as support. RSI is in the bullish zone.
It is possible to look for buying on a correction. The position is better to gain in two parts:
The first is in the $11.20 to $12.90 range.
The second part in the range of $8.60 - $10.37
Stop-loss when price gets under the $6.45 level.
The targets for purchases will be:
$18,50
$22,00
$26,70
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
QTUM went into an uptrend after the correction.
On the daily timeframe, MA100 acts as support. RSI is in the bullish zone.
It is possible to look for buying on a correction. The position is better to gain in two parts:
The first is in the $11.20 to $12.90 range.
The second part in the range of $8.60 - $10.37
Stop-loss when price gets under the $6.45 level.
The targets for purchases will be:
$18,50
$22,00
$26,70
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice