Two formations here. First is the C&H formation with the handle currently forming. This gives us our 44% target.
The handle is also a bullish pennant, which gives us our 38% target.
Overall, looks like it could hit $92-95 within the next 3-6 hours.
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And we have a clear breakout as soon as I posted this!
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First leg, flagging and leading to second leg. Still time to get in.
They have an announcement coming shortly, or it may have already happened.
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Higher blue line is QTUMBTC on Binance.. Pretty similar.
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Note: if this doesn't correct and I feel I'm losing, I'll look at getting back into BNB if it's returning to positive again. Or find something sideways like Litecoin and hold for the next trade or position.
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get out or HODL.. I'm not sure I can sleep on this one.
交易結束：達到停損點
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Another crash and burn. That one hurt. I gained 30% over 12 hours, then lost 60%. Ouch. Back to the drawing board.
Should we wait more ? If so how long it will take to compansate
webjobs654
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Qtum gonna go to the moon soon they made contract whit 360 biggest internet company in China
Ellybar
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@webjobs654, It was announced earlier before, so it wasn't the "big announcement". It looked like the Korean market went up after a screenshot of the preannouncement, that as we say was a HORRIBLE MARKETING MOVE. I have also noticed that the Asian market is quite amateur in marketing. Do you remember how NEO went down back in November because of the preannouncement of an announcement? Same story here. Don't know if I stay bullish on QTUM after this Pump and Dump situation.