QTUM Price Prediction Today: Daily (QTUM) Value Forecast – July 16

  • The short and medium-term outlook is in the bearish trend.
  • Traders may consider selling at pullback areas.

QTUM/USD Medium-term Trend: Bearish

Supply zone: $4.00, $4.50, $5.00
Demand zone: $2.00, $1.50, $1.00

QTUM continues in a bullish trend in the medium-term outlook. The strong demand area was broken on 14th July after three touches with a large bearish marubozu candle at $3.52. The coin dropped initially to $3.05 and later to $2.77 in the demand area as exhaustion sets with the opening of yesterday market.

The bears returned after a retest of the broken demand area now a support area at $3.33. The momentum was sustained as the market opens today at $3.18.

The cryptocurrency is already down at $2.92 in the demand area below the two EMAs as the bears' pressure becomes stronger in the medium-term coupled with the signal of the stochastic pointing down at 39%. $2.60 in the demand area is on the card.

QTUM/USD Short-term Trend: Bearish

QTUM is in a downtrend in the short-term outlook. The breakdown at the lower demand area at $3.40 on 14th July was with a large bearish candle. The cryptocurrency fell to $2.77 in the demand area before the brief momentum loss shortly after the market opened yesterday.

This bull returned had a minor impact on the coin as pressure was weakened at $3.18 before the end of yesterday session.

The bears gradual returned was confirmed with the pinbar formed as the market opened today at $3.21. Confirmation to the bears' takeover occurred at the break of the 10-EMA.

QTUMUSD is currently down at $2.93 with the signal of the stochastic oscillator pointing down at 12% an indication of downward momentum in the short-term.

Live Qtum (QTUM) Price:

1 QTUM/USD =$2.7788 change ~ -0.28%

Coin Market Cap

$269.32 Million

24 Hour Volume

$104.03 Million

24 Hour VWAP

$3

24 Hour Change

$-0.0078

 

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

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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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