THELOGICALINDIAN - Multiple patterns highlight the averseness of the coin
QTUM / USD Short-term amount analysis
QTUM has a bearish concise trading bias, with the cryptocurrency still trading beneath its 200-period affective boilerplate on the four-hour time frame.
The four-hour time anatomy shows that a bearish arch and amateur arrangement is starting to form, which could activate the abutting bearish move lower in the QTUM / USD pair.
Technical indicators on the four-hour time anatomy accept angry bullish and abide to accomplish buy signals.
Pattern Watch
Traders should agenda that a bullish double-bottom arrangement is additionally in comedy beyond the four-hour time frame.
Relative Strength Index
The Relative Strength indicator has angry bullish on the four-hour time anatomy and is breeding a buy signal.
MACD Indicator
The MACD indicator has angry bullish on the four-hour time frame, with the MACD arresting and histogram both arising a buy signal.
QTUM / USD Medium-term amount analysis
QTUM has a aloof medium-term trading outlook, with the QTUM / USD brace acid appear its trend defining 200-day affective average.
The circadian time anatomy is assuming that the QTUM / USD brace is at a analytical choice over the medium-term, as beasts and buck action about key abstruse support.
Technical indicators on the circadian time anatomy are bearish and abide to accomplish advertise signals.
Pattern Watch
Traders should agenda that the ample astern arch and amateur arrangement still charcoal accurate on the circadian time frame.
Relative Strength Index
The Relative Strength indicator charcoal bearish on the circadian time anatomy and continues to affair a advertise signal.
MACD Indicator
The MACD indicator is bearish on the circadian time anatomy and continues to accomplish a advertise signal.
Conclusion
QTUM is at a analytical choice over both abbreviate and medium-term, as beasts and bears action for directional ascendancy about the QTUM / USD pair’s 200-day affective average.
The four-hour time anatomy best illustrates the near-term struggle, with a arch and amateur arrangement pitched adjoin a double-bottom pattern.
Check out our bread adviser for Qtum for a quick addition to the project.
