Qtum $QTUM Price Outlook: Bullish

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January 09 2019 19:17 UTC

 

Qtum has gained 9.42% or 0.21 USDT in twenty-four hours. In this Midweek Edition find $QTUM price action, trend, technicals and more. Or jump right to the Qtum $QTUM Price Outlook.

 

Price Action

The price of $QTUM has risen over twenty-four hours. The last price at press time is 2.44 USDT. In Binance light to moderate volume trading the daily change is 9.42%, or 0.21 USDT:
$QTUM Price Change
period % USDT
24 hours 9.42 0.21
7 days 5.63 0.13
1 month 49.69 0.81

News

Trend

trend is UP

The Qtum monthly trend is up. Looking at the daily chart $QTUM fell to a low of $1.45 on the sixth of December and since then has climbed to a last price of $2.44. This included a peak of $3.02 on December 23 2018. The price slipped to $2.03 after that peak, then slowly climbed in three waves to where we are now.

[Trend is "up" when the monthly price movement is predominantly upwards.]

Real Time Market Depth

The real time market depth is neutral.

 

[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]

Chart

Tap / click to zoom:

qtum-usdt-binance-six-hour-candles-2019-01-09

 

Remarks

The market is abuzz with bullish news and rumors, analysts are hyped over bull flag indicators, and bitcoin has moved sideways over 24 hours.

Meanwhile $QTUM is up 49.69% in one month.

 

Technicals

Moving Average Convergence Divergence (MACD)

The MACD on the four hour chart is bullish.

[MACD is a trend-following momentum indicator]

 

Exponential Moving Averages (EMA)

period average
7 day 2.27
25 day 2.09
99 day 2.06

The short term EMA(7) dipped close to the medium term EMA(25) on January 08 2019, yesterday. The indicator is currently inclined with a steep divergence upwards. This is a bullish state.

[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]

 

Relative Strength Index (RSI)

The Relative Strength Index on the one hour chart is 62.9. This is a neutral state.

The RSI on the one hour chart has been overbought for four continuous hours before easing off slightly seven hours ago back into neutral territory. This asset is showing signs of heated activity.

[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]

 

Bitcoin $BTC Price Modifier

The 24 hour Bitcoin $BTC change is -0.10%. This may exert a neutral influence on Qtum today.

[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]

 

Qtum $QTUM Price Outlook

bullish

  • the Qtum $QTUM price outlook is bullish
  • if the price finds acceptance at higher levels the major resistance prints at 3.02 (December 23)
  • if the price finds acceptance at lower levels the major support prints at 2.00
Resistance levels: 3.02 (December 23) 2.50

Support levels: 2.00 2.34

 

Invalidation: This outlook is no longer valid if the asset has performed outside of its resistance or support levels, or outside of its short term analysis time period.

 

Disclosure

The author does not hold Qtum $QTUM at the time of writing.

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