Things are looking seriously bullish for QTUM. A simple TA and FD analysis both point towards large mid term gains. Overall QTUM looks worth it to go LONG.
Technical analysis:
~ RSI, DMI & ADX are back to neutral favouring bullish trend slightly ~ Bullish pennant likely to be confirmed: ~~ Price bounced of SMA50 ~~ Volume decreasing ~~ Lower highs and higher lows
Fundamental analysis:
~ QTUM listing on BitHumb (world nr.1 crypto exchange) likely to unfold within the next 1-2 weeks: QTUM has the highest volume of all the coins currently not listed on BitHumb ~ Coin swap (switching from Ethereum ERC20 token to their own MainNet token) is ongoing as we speak ~ QTUM staking is around the corner ~ QTUM is known as the Ethereum killer by inside tech savvy ~ Current price is almost 50% below all time high
Trading strategy:
Enter between 0.0027 and 0.0028 range for a small portion of your investment. Enter the rest when the bullish pennant confirms above the 0.0030 range.
First target @ 0.0035 Second target @ 0.0045 Third target @ 0.0055
Shorting between targets may be profitable if updated TA allows for it.
Its listing on Bithumb and a Japanese exchange I think we will see at least 2x gains from this.
BTC_JackSparrow
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@phunkism,
In my post I mentioned 5500 as a third target, which is almost 2x gains from where we are right now. I think this is possible, but like I said updated TA will be required once this news goes live. We'll see where this ride takes us, but don't forget to take your profits. 5500-5800 is possible, but it will really depend on many other factors that we've not taken in account here.
Its listing on Bithumb and a Japanese exchange I think we will see at least 2x gains from this.