Qtum (QTUM/USD) Price Analysis: Sellers Maintain Resistance


The MACD line is above the signal line, which is a bullish sign. The 12 day EMA is above the 26 day EMA, which is a bullish sign. Resistance 1: 2.25, Resistance 2: 2.28, Resistance 3: 2.33, Support 1: 2.15, Support 2: 2.12, Support 3: 2.07.
[coinmc type=”chart” coin=”QTUM”]


Qtum is under yesterday’s pivot point of 2.2. Prices could therefore drop down to the first and second support levels at 2.15 2.12.


For the MACD, it crossed above the signal line. Momentum is therefore in the bulls favor.


The RSI may also converge with the price trend with the value of 61.9. Some analysts would consider this value a buy signal.


Used for measuring volatility, the Average True Range (ATR) is another popular indicator. Using the ATR, one can validate the importance of price movements. For example, a breakout with a strong ATR reading would act as confirmation.


Using today’s pivot points, we can calculate what tomorrow’s prices might be. Tomorrow’s expected high is 2.2 with a low of 2.1.