Quantum Blockchain Technologies price: Bullishness starts on QBT
By
Azeez Mustapha
PUBLISHED:
31 Oct 2021 @ 11:21
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More info about Azeez Mustapha
Quantum Blockchain Technologies Plc shares (LSE:QBT) are currently experiencing some buying pressure. Since June 2021 till recently, the market formed a strong base, with no directional movement.
Nonetheless, there has been a breakout to the upside, accompanied by slow and gradual movement to the upside. The upper Trendlines has already been broken to the upside, as price makes further bullish effort. The RSI period 14 is above the level 70, going towards the level 80.
There is a “buy” signal on QBT. As long as the RSI is above the level 50 and price stays above the upper Trendline, the outlook on QBT will remain upbeat. The next targets would thus be the resistance levels of 5.00, 6.00 and 7.00.
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