Bullish Divergence on MACD - QTUMUSDT May See 9% Price Increase

10 במאי 2023

QTUMUSDT has recently shown a promising bullish divergence on the MACD, and after testing the bottom of the descending channel, it has broken above the downtrend trendline. This is a strong indication of short-term bullish momentum, and we could see a potential 9% price increase from the most recent support.

However, we must remain cautious as the recent low still poses a threat. If it gets taken out, bears will gain control and we may see a downtrend continuation.