QTUMUSD has retraced back to the lower bound of it's rising channel. We saw a parabolic move that broke the top side of the channel; so it's possible we may get a whipsaw reaction that pushed below the channel - however ideally, cooler heads prevail, and this movement can continue.
RSI has dropped below 40; which has historically seen a relief rally off the base of the channel; and with volume remaining consistent, there is nothing to suggest this won't be a continuation of the channel.
#crypto
RSI has dropped below 40; which has historically seen a relief rally off the base of the channel; and with volume remaining consistent, there is nothing to suggest this won't be a continuation of the channel.
#crypto