QTUM/BTC in extended correction.

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8y

Looks like QTUM finished 1 cyckle with 8 waves (1-5 and ABC correction).
IT has broken through trendline, which is bad sign, but its sometimes necessary for a coin to have a healthy correction (and it helps new investors to hop in with new capital).
Nevertheless QTUM is fundamentally great project, and if new bull run in the market will come, I'm sure QTUM will be one of the most profitable coins to have in your portfolio.

QTUM.jpg

Extended corrections are always tricky. There's some support lines with cluster below.

QTUM2.jpg

In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).

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QTUM/BTC in extended correction. | Ecency