Quantum (QTUM / USD) also stabilized in the last few days and weeks, like most other crypto currencies, and the strong sell-off was stopped. Thus, the price moved from a steep downtrend to a typical trendless sideways consolidation. The last phase of the market saw the emergence of a so-called rounding bottom, also known as the Cup & Handle formation, which is expected to see a massive uptrend begin after breaching the upper range limit.
Overcoming the last top at $ 25.67, the next stop in the $ 33.00 range should be reached relatively quickly. Prices below $ 15.00 negate this scenario to a neutral market environment.
This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!
Cheers Jessy