QTUM Price Prediction Today: Daily (QTUM) Value Forecast – June 21
- The short and medium-term outlook is in the uptrend.
- Traders may consider buying at pullback area after bullish reversal candlesticks formation.
QTUM/USD Medium-term Trend: Bullish
Supply zone: $5.00, $6.00, $7.00
Demand zone: $2.50, $2.00, $1.50
QTUM is in a bullish trend in the medium-term outlook. The bears finally got price down to the 38.2 fib area on 20th June. It was a break of the strong resistance at 50-EMA before the momentum loss as the bulls stage a returned.
$3.41 was the low of yesterday before the bullish spinning top formation that announced the bulls takeover.
QTUMUSD rose to $3.64 as the market opens today with price above the two EMAs and the stochastic oscillator pointing at 52%. It suggests that the market correction is over and the bullish continuation begins.
A retest at $3.79 in the supply area may occur and a breakout due to the increased bullish pressure most probably in the medium-term.
QTUM/USD Short-term Trend: Bullish
Qtum is in an uptrend in the short-term outlook. Today session opened on a bullish note at $3.50. Increased momentum resulted in the breakout at the two EMAs with a large candle shooting price up to $3.62 in the supply area. The formation of wicks in the candles at the supply area implies exhaustion hence the bears' return.
The bears' pressure drops the coin at the 50.0 fib area and later at the 61.8 fibs. These area trend reversal area.
The formation of wicks in the candle at this area will imply exhaustion and gradual bulls return to continue the upward price movement in the short-term.
$3.62 may be retested as the bulls pushed price back up in the supply area.
Live Qtum (QTUM) Price:
1 QTUM/USD =$6.2867 change ~ 2.09%
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