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

Summary

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”]

Pivots

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.

MACD

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

RSI

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

ATR

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.

Prediction

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.