QTUM Price Prediction: Long-term (QTUM) Value Forecast – June 22
- QTUM/USD market has once managed to briefly surge past the $4 upper range spot.
- Traders are enjoined to exercise some degree of caution prior exerting a position at that particular market’s trading axis.
QTUM/USD Long-term Trend – Ranging
- Distribution territories: $5, $5.50, $6
- Accumulation territories: $2.5, $2, $1.50
Last week, the QTUM/USD market operations were in a bullish trend outlook. This week’s trading sessions have been experiencing a series of range price movements majorly around $4 and $3.50 marks. The market has once managed to briefly surge past the $4 upper range spot.
Presently, the 14-day SMA is located over the 50-day SMA within $3.50 and $3 market’s horizontal lines. Price has continued to hover around the upper range spot. The Stochastic Oscillators have tightly closed hairs with ranges 80 and 60 to signify the continuation of the current choppy price movements of the crypto-market.
The QTUM/USD market has now once again pushed northbound to hit a crucial trading point at around $4 mark. At that point, the bulls are most likely to relax their energy and give in to variant convergences of candlestick formation pattern. Therefore, traders are enjoined to exercise some degree of caution prior exerting a position at that particular market’s trading axis.
Live Qtum (QTUM) Price:
1 QTUM/USD =$7.5591 change ~ -5.79%
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