QTUMUSD Buy | S6T3 - Team Trading Post for Fredquantum-Kouba01 Traders Team

I am glad to join Team Fredquantum-Kouba01 Traders and I will try my level best to add value to the team and we will win the Contest.

1.) Name and introduction of the project token.

Qtum is a Proof of stake coin which is the hybrid technology of Ethereum and Bitcoin as it uses Smart Contracts of ETH and UTXO (Earn Spent Transaction) of BTC. Qtum is an old project founded by Patrick Dai, Jordan Earls, and Neil Mahl in the year 2016. It has an active development team that is continuously working to bring something new and make the network better.

Features----

Decentralized Governance Protocol (DGP)- It allows developers to modify the blockchain settings as per their needs using Smart Contract. This wasn't available in BTC that is why BTC went through a hard fork and BCH was born.

Abstract Account layer (AAL)- Maintaining the performance of the blockchain and lending the ability to add more smart contract capability in the future

QRC-1155 NFTs- It allows us to create NFTs.

Global Networks- It has the largest number of nodes after BTC and ETH.

Wallet Ecology- There are all spectrums of Crypto wallets supporting quantum.

Development Resources- Qtum has a robust development resources.

2.) Why are you optimistic about this Token today, and how long do you think it can rise?

Qtum is one of the old projects in the crypto space which shown really good growth in the last few years and it still has a lot of potentials to go even higher. It is ranked on 90th as per the Coin Market Cap and also listed on all the major exchanges like Binance, Coinbase, Kucoin, etc. It is available in SPOT, Margin, and futures and it has an active Developer team. I would like to hold this token for at least a 1:2 Risk reward and if things will be fine then we will get a quick upside move in quantum very soon.

3.) Technical Analysis

I would like to do the Multi timeframe analysis.
QTUM/USD, 1W
On the weekly timeframe it is showing a great reversal from the Major demand zone. Also it formed a double bottom pattern which is a Bullish Trend reversal pattern.

QTUM/USD, 1D
On the daily timeframe, it given the breakout of Triangle and also now moving to break the double bottom pattern neckline as well. As we all know in Trading History repeats itself and last time when we got similar pattern then it pumped around 100%+. I hope a very good move from Qtum.

QTUM/USD, 1 hr-
Hourly chart is also looking very good as it broke the triangle nd successfully retested the retest area. Now it ready to fly.

Entry Price: $8.07
Stoploss: $4.76 (Daily close below)
Target: $14.68

4.) Your plan to hold it for a long time or when to sell?

I am going to hold this token for at least a 1:2 Risk reward and as the market sentiments look bullish we can see a quick move towards upside very soon. It comes under the top 100 coins and has a very good development team so we can also hold it for the long term and can aim for at least 100-200% gain in the long term.

5.) Do you recommend everyone to buy and the reasons for recommending/not recommending

Yes, You can surely buy this with proper Stoploss because Stoploss is like insurance, and as we already know that Crypto Market follows sentiments more than technical. Currently, everything is looking very good and Qtum can be a great pick for our short-term trading. QTum is listed on all the major exchanges like Binance, Coinbase, Kucoin, etc and it is a mid-cap coin having a great fundamental. Whenever the market becomes extremely bullish (If BTC will close above 50k daily) then good fundaments & technicals coins will be the first to pump.

6.) Anything else you want to share about the token/project.

Qtum has an active developer community that is working to improve the project also the backers behind this project is also strong. They have 273k followers on Twitter and post updates regularly. It is already listed on big exchanges and in the upcoming years this project can give a good return.

Learn more about the project-

Website-https://qtum.org/en
Twitter- https://twitter.com/qtum
TechnicalPaper- https://qtum.org/en/community/resources

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cc- @kouba01 @fredquantum