LudwigStirner
Long

Qtum Looks Set For A Rally

BITTREX:QTUMBTC   Qtum / Bitcoin
The last two months the price of this digital asset remains in the accumulation territory. I expect that within a few days Qtum's price will grow by 15-20%, which means that the coin will again face strong resistance level at the price range of 0.004. If you look at the daily chart , you will see that the popular indicator MACD makes a bullish crossover that will also push the price to the resistance level . At the same time on the 4H TF this indicator doesn't feel confident which show us the possible bearish crossover and it must be a fake signal. Qtum's RSI is far from oversold and overbought territory, which allows room for further flat trading between support and resistance level.
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