QTUM is going sideways for some time now. I was expecting that it was still in wave "2" (which is bearish).
It had 2 strong clusters around 177.000 and 157.000 satoshi, and it fell slithly under 177k and then went up.
We should be in wave "3" now (if that correction is truly over). But QTUM still has 2 strong resistance lines ahead.
If it will break 1st one, I would be more bullish on this coin. It it will break the second one, it would be back on bulltrend.
But the second one is not likely to be broken easly. It's a former supportline and QTUM would need a lot of volume to overcome that resistance.
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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