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๐Ÿ“ˆ Daily TA: Qtum (QTUM/USD) | 04-10-2021

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cryptospa
@cryptospa
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Hodl, dear members of LeoFinance!

Today I would like to outline something interesting on the price chart of Qtum.

In the weekly chart (1W), QTUM/USD has formed a Bullish Engulfing (typical trend reversal formation): So, it seems that we are at the very beginning of the uptrend renewal.

Moreover, in the 4-hour chart (4H), QTUM/USD received support from the neckline of the Double Bottom (common trend reversal pattern) and has rebounded: So, in this case, we have an alignment of the bullish signal, both in the weekly time frame and the 4-hour time frame.

To be continued ...

As of the time of writing, one QTUM costs $13,29 on the Binance crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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