The overall trend is definitely and Qtum should be moving higher to test 227.2% level applied to the corrective wave after the breakout. This resistance is based at btc 0.0056 which is very close to the previously formed top in August last year.
The btc 0.0056 is the very first strong resistance for Qtum and it would be interesting to see the price action around this level, which should provide more clues about the further direction of QTUM/BTC. At this point, Qtum could continue trading within the and could even move back to test the 38.2% Fibonacci support, which in fact has been already rejected. In the worst case scenario price could drop towards the 200 Moving Average, but only break below it should invalidate outlook.
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