QTUM Price Prediction: Long-term (QTUM) Value Forecast – June 29
- QTUM trade worth as paired with the US dollar has pushed northwards out of a range.
- Traders going long in the QTUM/USD market should be wary of $4 price territory.
QTUM/USD Long-term Trend – Bullish
- Distribution territories: $7, $8, $9
- Accumulation territories: $3, $2, $1
The market of QTUM/USD has been eventually prevailed over by major ups after being lately dominated by a series of higher highs in a range. On June 24, the pair came up with a bullish candlestick briefly formed across a horizontal market price at $4 mark. On its succeeding day of trading, the market pushed northwards further until the next day, June 26 as it broke slightly past the $7 distribution territory. Shortly, the pair retraced downward to test its 14-day SMA trend-line at $4 mark.
The 50-day SMA indicator is located underneath the 14-day SMA. The Stochastic Oscillators now seemingly making an attempt to crosshairs at range 40.
Indications still show that there are more buy opportunities to be expected in the QTUM/USD market as most of the trading indicators point to the north. Meanwhile, the market point at $4 needs to be wary of as it represents the pivotal trading zone for the QTUM/USD market bulls presently.
Live Qtum (QTUM) Price:
1 QTUM/USD =$23.1836 change ~ 43.33%
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