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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Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha
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