I-Qtum (QTUM) ku-Upper Move; Ingabe Izinkunzi Zizowuqinisa Umfutho

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ITHELELELI

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Izindawo Zokumelana Okubalulekile: $ 3.0, $ 3.50, $ 4.0
Izindawo Zokusekela Eziyinhloko: $ 2.50, $ 2.0, $ 1.50

I-QTUM / USD Trend Yesikhathi Eside: Bhuqa
QTUM has been on a downward move since February 15. The selling pressure has been exhausted on February 20 as price consolidates above $2.42. The market is making an upward move above the current support. On the upside, if the upward move is sustained the bulls will retest the $3.0 overhead resistance. The overhead resistance has not been broken since August 2019. QTUM will reach a high of $3.50 if the bulls are successful above the overhead resistance.

Ukufundwa Kwezinkomba Zansuku Zonke:
QTUM has fallen and the selling pressure exhausted. In the same vein, the coin was in the overbought region previously but has fallen to level 52 of daily RSI. This indicates that the coin is in the uptrend zone. QTUM tends to rise.

I-QTUM / USD Trend yesikhathi esimaphakathi: Isi-Bullish
On the 4-hour chart, the first bearish impulse reached a low of $2.20. The bulls pulled back to resume an upward move. The uptrend was resisted as the price fell back to $2.27 low. The coin is consolidating at the current support.

4-amahora Ishadi Izinkomba Ukufunda
The pair is now above 60% range of the daily stochastic. This indicates that the coin is in bullish momentum. From the price action, the coin is rising to revisit the previous highs.

General Outlook for Qtum (QTUM)
QTUM downward move is over as price consolidates above the current support. The upward move is likely as the price is above the 21-day SMA and the 50-day SMA. The stochastic and the Relative Strength Index have made positive moves for the coin

Isiginali Yokuhweba yeQTUM
Insimbi: QTUM / USD
I-oda: Thenga
Intengo yokungena: $ 2.48
Misa: $ 2.0
Ithagethi: $ 3.50

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