QTUM Price Prediction Today: Daily (QTUM) Value Forecast – June 14
- The short and medium-term outlook is in the bullish trend.
- Traders should look to buy low at the key support areas.
QTUM/USD Medium-term Trend: Bullish
Supply zone: $4.00, $4.50, $5.00
Demand zone: $2.50, $2.00, $1.50
QTUM is in a bullish trend in the medium-term outlook. The break out at $3.30 in the upper supply area of the range with a large bullish candle during yesterday session and the retest confirmed the uptrend. QTUMUSD rose to $3.51 and closed with a wick an indication of exhaustion.
The bears retested the supply-turned demand area as the market opens today but the bulls stage a returned and push price back up to $3.48 in the supply area.
The stochastic oscillator signal points up at 78% and price is above the two EMAs that are fanned apart. These suggest an upward momentum in price with $3.60 on the card in the medium-term.
QTUM/USD Short-term Trend: Bullish
Qtum is in an uptrend in the short-term outlook. The bulls returned at the trendline during yesterday session was confirmed by the bullish hammer. QTUMUSD rose to $3.348 in the supply area before the close of yesterday session.
Price returned to the trendline at $3.34 after the minor pullback by the bears. A bounce to the upside by the bulls is expected. This may be higher than yesterday high.
A retest at $3.36 in the supply area may occur as the bullish momentum increased in the short-term and more candles opened and closed above the two EMAs.
Live Qtum (QTUM) Price:
1 QTUM/USD =$6.2075 change ~ 11.50%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.