• QTUM/USD price worth is still under a range market trend.
• An indicator has shown that the bears in the QTUM/USD range market may soon lose strength to the bulls especially while its 50-day SMA remains unbroken to the south.

QTUM/USD Long-term Trend – Ranging

• Distribution territories: $5, $6, $7
• Accumulation territories: $2, $1.50, $1

The mode of price movements between QTUM and the US dollar currency has been in a range quite a while. Neither the crypto nor the US fiat currency has been able to push the market’s trading zone out of its prolong choppy trending direction.

Now, the range spots have been defined by two main horizontal price lines at $4 and $3 marks. All the two trading SMA indicators have been trending towards the east direction to affirm the intense of the range mote. The Stochastic Oscillators have closed hairs at near range 20 to seemingly continue a consolidation movement around it.

The buyers may soon start to garner momentum around the 50-day SMA indicator after a short line of range price movements. However, the sellers may still hold the market worth until it enters a lower range zone for a while. But, intending investors may consider joining the market now.

Qtum:

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.