QTUM

Good evening steemians.

Tonight we take a look at QTUM, at this time the QTUM has a value of 239634 satoshis, at the beginning of January it had a maximum around 483400 satoshis and the minimum in this 2018 has been 150000 satoshis.

Now let's enter our analysis, to see the 4 hour chart we see that we are on a line of uptrend that has been tested several times in these months.

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We observe that the minimum presented in March almost coincides with the level of 78.6% of fibonachi, and at the moment it is between levels 50% and 61.8%.

When looking at the indicators the stochastic is at level 44 and the rsi is at level 64, an interesting option would be to wait for the trend line to be tested and for the sthocastic to be below 30.

In the 1 hour chart we can clearly see this trend line.

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The stochastic is oversold and the rsi at intermediate levels, there could be a rise at any time. the ideal would be to wait for these indicators to give us a better signal of entry, or for the more risky enter into purchase and take quick profits between 3 to 10%.

For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.

I say goodbye thank you for your attention, have an excellent week.

Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.