Qtum has touched the bottem of a falling channel.. and is rising up again: in a pattern known has lower highs, lower lows, als known as a downtrend!
Will it rise further: not unlikely. Should you go long? I wouldn't!
Plenty of more attractive coins out there that are in fact in a uptrend.
If you would check RSI on the 4 hrs pricecandles you will see (from the bottem of the downward channel as shown on the daily candles in the above graph) there are higher peaks in price with lower peaks in RSI.. also known as bearish divergence.. another warning not to go long here!
Will it rise further: not unlikely. Should you go long? I wouldn't!
Plenty of more attractive coins out there that are in fact in a uptrend.
If you would check RSI on the 4 hrs pricecandles you will see (from the bottem of the downward channel as shown on the daily candles in the above graph) there are higher peaks in price with lower peaks in RSI.. also known as bearish divergence.. another warning not to go long here!