Last few hours, Qtum has made a very impressive move. A noticeable volume spike was observed and it dramatically changed the trend. It seems that Qtum has successfully completed a long wedge pattern.
On the chart, the volume spike is appeared at the end of wedge, and it successfully breached the downtrend. The MACD is dramatically curved up and shows a positive signal.
If the Elliot impulse starts steadily, the Qtum will be priced at 0.0077 BTC (extensions in wave 5 are expected).
One thing to note is that if sudden price increases persist, you should pay attention to the change in RSI. When the RSI enters the overbought situation, it should prepare for a sharp decline.