- QTUM/USD market has been hovering around $5 mark.
- The QTUM/USD bulls may not be able to push past $7 and $6 territories afterward.
QTUM/USD Long-term Trend – Ranging
- Distribution territories: $7, $8, $9
- Accumulation territories: $3, $2, $1
The worth of QTUM/USD market has been slightly falling in upper range spots now found between $6 and $4 price territories in the last couple of days. The market has been significantly hovering around the median range point at $5.
The 14-day SMA trend-line has moved northwards from below to near the median choppy point. The 50-day SMA indicator is located underneath the $4 lower range line of the market. The Stochastic Oscillators have taken to a long consolidation moving mode around range 40 overtime to attest to the current choppy conditions of the market.
Indications have now shown that there are possibilities of seeing this crypto-trade succumbing to probable downward pressure between $7 and $6 territories as it appears that the bulls may not be able to sustainably push past them. As a result, the bears may find a decent entry around those trading zones in the long run.
Live Qtum (QTUM) Price:
1 QTUM/USD =$2.6385 change ~ -5.03%
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