#QTUMUSDT Daily Chart
Qtum / TetherUS BINANCE:QTUMUSDT
Price previously bounced from the major support area at around $5.5 and currently broke through the supply zone also leaving a couple of demand zones on it’s way up at $7.5 and $6.9 respectively. MACD is showing bullish momentum, RSI is bought and EMAs are preparing to turn bullish . Price also broke major structure which give us bullish confirmation. We would wait and see price’s reaction once it taps into the first 4h demand zone as it may not hold because the second 4h demand is also aligned with a daily demand which gives it more confluence. I am expecting higher pricing overall.
