CQT looks bulishFirst of all, you should know that CQT is an artificial intelligence (AI) currency.
This currency can be traded in Kucoin, Okex, Coinex and GateIO exchanges
It looks like the price is now inside the big D wave.
Wave D looks like a bullish diametric, we are now in wave c of this diametric.
Wave c of D is also a diametric with only one wave remaining (wave G).
After the completion of this wave, the price is expected to undergo correction for wave d from D and then the wave for wave e from D will rise again.
We have such a view on CQT.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
CQTBTC
CQTUSDT covalent AI runcqt/btc shows alot of buying power.. this and AI coins rising fast like JAR and others; this is a no brainer. could retrace first after it hit a fib already
COVALENT (CQT)Bullish Div and at previous macro support.
White lines are targets.
(Not financial advice)
CQT Can FLY to the Moon 🔥🌙hello guys hope you doing great , as you can see on the chart it is accumulating and making a price range in a downward channel .
if we can break the channel from above, the targets shown on the chart for the better view .
what do you think ? up or not?
CQT, a GOOD CUP needs a GOOD HANDLE!as you can see the cup-handle pattern is being shaped!
1. if BTC holds the 47200 in daily time the CQT rocket will launch once again!
2. if BTC Keeps correcting its upward move to 45500 then CQT can sees 1.4$ again! best place to buy!
take care and trade wisely.
CQTBTC: first daily close above the resistance" What Is Covalent (CQT)?
Covalent leverages big-data technologies to create meaning from hundreds of billions of data points, delivering actionable insights to investors and allowing developers to allocate resources to higher-utility goals within their organization.
Instead of painstakingly sourcing data from a small handful of chains, Covalent aggregates information from across dozens of sources including nodes, chains and data feeds. The Covalent API then sources end-users with individualized data by wallet, including current and historical investment performance across all types of digital assets. Most importantly, Covalent returns this data in a rapid and consistent manner, incorporating all relevant data within one API interface.
Having achieved product-market fit, we are now planning to execute the next phase of Covalent, which is a progressive decentralization that will enable the Covalent Network to be owned and operated by its users. Of course, a critical piece to this is CQT.
CQT is the native token of the Covalent Network. It has three primary purposes:
CQT is a governance token, whereby token holders vote on proposals to change the system parameters.
CQT is a staking asset. Validators will earn fees for answering queries.
CQT is a network access token that fulfills data queries for users of the API.
Covalent Use Cases
The bulk of the use-cases are as-of-yet unknown, and we are constantly surprised at the multitude of ways developers and our partners use the data.
Taxes: Every single DeFi action is a taxable event and having access to this data helps firms be compliant. If a trader uses Coinbase, they can quickly download a CSV of their trade data - besides Covalent, there is no such thing for a decentralized exchange like Uniswap or 1inch.\
DeFi: DeFi protocols, such 0x and Zerion to name a few, use the Covalent API to pull real-time, granular blockchain data. What makes the Covalent API such a critical infrastructure piece for these projects is that not only can they pull wallet specific data, but they expand their service to display data across multiple chains. This significantly enhances their product offering and fundamentally improves the user experience.
In the case of Zerion, the exact data the DeFi investment dashboard is pulling ranges across multiple chains including Polygon, BSC and Ethereum and includes transactional data, as well a user's token balances, and transaction history.
NFTs: As the popularity of NFTs has boomed over the past number of months, it has become increasingly important for NFT projects to be able to provide a means of analysis. Given that the Covalent API provides such, Covalent has become the leading NFT data provider. NFT projects such as ChainGuardains and Ethermon are now using the Covalent API to not only power novel features specific to each project, but to again improve the user experience.
DAOs: Reliable and real-time data are critical in making informed decisions, facilitating governance and allowing individuals to invest, consume, and participate in the DAO phenomenon. It should come as no surprise then that DAOs are using the Covalent API. Individuals can use the API to view and examine proposal interactions so that one can understand how active members are in creating proposals and voting on them as well as if members are voting for, or against proposals in general.
Who Are the Founders of Covalent?
Covalent is built by an experienced team of data scientists and blockchain and database engineers passionate about improving and scaling blockchain technologies. Ganesh Swami, CEO and Co-founder, is a physicist by training and started his career designing algorithms for cancer drugs in the pharmaceutical space. His first company is listed on the NYSE. Levi Aul, CTO and Co-founder, built one of the first Bitcoin exchanges in Canada and was part of the team that built CouchDB at IBM." source CMC
