Technical analysis by CryptoAnalystSignal about Symbol QTUM: Buy recommendation (8/21/2024)

#QTUMThe price is moving in a descending channel on the 12-hour frame and is sticking to it very well and is expected to break it upwardsWe have a bounce from a major support area in green at 2.05We have a downtrend on the RSI indicator that was broken upwards which supports the riseWe have a trend to stabilize above the 100 moving average which supports the riseEntry price 2.28First target 2.60Second target 2.85Third target 3.16First target 2.60 Reached