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Qtum Trading Up
Qtum found the support near $10 psychological round number and started to move higher. QTUM/USD begun to produce higher highs and higher lows indicating on the valid uptrend that is likely to continue.
After reaching $75 resistance on the 19th of December, price corrected down to $30 support where 61.8% Fibonacci retracement level was rejected, and thereafter price produced a new all-time high, hitting $82 mark.
The final upside target is seen at $144 where two Fibonacci retracement levels are inline, 727.2% and 1127.2%. However, prior to that, there are few minor resistance that should be watched, first $120 and second $132. Only break and close below the $20 could invalidate bullish outlook.
After reaching $75 resistance on the 19th of December, price corrected down to $30 support where 61.8% Fibonacci retracement level was rejected, and thereafter price produced a new all-time high, hitting $82 mark.
The final upside target is seen at $144 where two Fibonacci retracement levels are inline, 727.2% and 1127.2%. However, prior to that, there are few minor resistance that should be watched, first $120 and second $132. Only break and close below the $20 could invalidate bullish outlook.
註釋
Qtum testing 200 ma as a support
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