Qtum has been supported by the indicated huge ascending parallel channel which is from 14, Mar 20.
As we confirm the channel bottom line support, it beautifully bounced back and penetrate the Ichimoku cloud and brings us bullish price action.
So how about this time? well, the RSI bottomed pretty much similar to what has been happening those oragin rectangle .
Now the next question is whether we can expect the increasing volume coming in to next target $14.04, which is the descending parallel channel resistence line and fibonacci retracement & expected Ichimoku cloud breakout target.
before go long, let's see how the ascending parallel channel support works or not.
As we confirm the channel bottom line support, it beautifully bounced back and penetrate the Ichimoku cloud and brings us bullish price action.
So how about this time? well, the RSI bottomed pretty much similar to what has been happening those oragin rectangle .
Now the next question is whether we can expect the increasing volume coming in to next target $14.04, which is the descending parallel channel resistence line and fibonacci retracement & expected Ichimoku cloud breakout target.
before go long, let's see how the ascending parallel channel support works or not.