LudwigStirner

Qtum Looks Set For A Rally

Long
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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