QTUM - QTUM/USD

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Type:	Cryptocurrencies
Ticker:	QTUMUSD
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QTUM - QTUM/USD - Daily - Technical analysis published on 06/18/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 2.92 USD

My targets

3.78 USD (+7.08%)

19.60 USD (+455.24%)

My analysis

The bullish trend is currently very strong on QTUM - QTUM/USD. As long as the price remains above the support at 2.92 USD, you could try to benefit from the boom. The first bullish objective is located at 3.78 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 19.60 USD as an objective. Crossing it would then enable buyers to target 69.01 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

QTUM - QTUM/USD rating 3.53 USD. The price registered a decrease of -3.29% on the session and was traded between 3.53 USD and 3.68 USD over the period. The price is currently at 0% from its lowest and -4.08% from its highest.

3.53

3.68

3.53

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of QTUM - QTUM/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.73	2.45	2.92	3.53	3.78	19.60	69.01
Change (%)	-50.99%	-30.59%	-17.28%	-	+7.08%	+455.24%	+1,854.96%
Change	-1.80	-1.08	-0.61	-	+0.25	+16.07	+65.48
Level	Minor	Minor	Intermediate	-	Major	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.30	3.42	3.54	3.66	3.78	3.90	4.02
Camarilla	3.58	3.61	3.63	3.65	3.67	3.69	3.72
Woodie	3.29	3.42	3.53	3.66	3.77	3.90	4.01
Fibonacci	3.42	3.52	3.57	3.66	3.76	3.81	3.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.28	2.56	3.05	3.33	3.82	4.10	4.59
Camarilla	3.32	3.39	3.46	3.53	3.60	3.67	3.74
Woodie	2.38	2.61	3.14	3.38	3.91	4.15	4.68
Fibonacci	2.56	2.86	3.04	3.33	3.63	3.81	4.10

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.41
MACD (12,26,9):	0.1600
Directional Movement:	18.61
AROON (14):	57.15
DEMA (21):	3.49
Parabolic SAR (0,02-0,02-0,2):	3.01
Elder Ray (13):	0.23
Super Trend (3,10):	2.81
Zig ZAG (10):	3.54
VORTEX (21):	1.0700
Stochastique (14,3,5):	81.91
TEMA (21):	3.55
Williams %R (14):	-23.40
Chande Momentum Oscillator (20):	0.53
Repulse (5,40,3):	-0.0800
ROCnROLL:	1
TRIX (15,9):	0.5400
Courbe Coppock:	18.24

MA7:	3.48
MA20:	3.27
MA50:	2.97
MA100:	2.85
MAexp7:	3.48
MAexp20:	3.30
MAexp50:	3.07
MAexp100:	2.87
Price / MA7:	+1.44%
Price / MA20:	+7.95%
Price / MA50:	+18.86%
Price / MA100:	+23.86%
Price / MAexp7:	+1.44%
Price / MAexp20:	+6.97%
Price / MAexp50:	+14.98%
Price / MAexp100:	+23.00%

This member declared not having a position on this financial instrument or a related financial instrument.

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