Much like our earlier trading idea regarding #QTUM on the daily timeframe, #QTUMUSD on the 2D timeframe is indicating very similar results.
The price has been ranging for some time within this descending (and closing) channel, there's a fresh rejection off upper resistance and a strong Sell signal from CTv2.
We can see an easy 10% on this Short trade, going all the way to nearly 40% before reaching strong support
_________ What Do You Think?
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Kommentera
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As per our analysis the price of #QTUM has increased up to the descending trend line, now is the time for a rejection to the downside.
Let's see both our TP's hit in the next week or two!