ShanghaiCrypto

QTUM - Bouncing off resistance.

KRAKEN:QTUMUSD   Qtum
QTUM has broken resistance at the 50-day moving average, and all indicators are bullish. However, it's hitting strong horizontal resistance at 2.35. Closing above this level could signal a big move up. Until it does, I have no interest in it. I expect it to go more or less sideways, possibly with a strong rejection off of the 2.35 level that could offer a buying opportunity for those so inclined to wait for it to dive and tick back up.

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