QNTUSD analysisWe've broken mid-term support from upward channel around $42 and currently hovering around $34 mark.
It has been a good run since beginning of Jan (done close to 4x) and the market needs to go through its cycle.
There's a strong support around $34-$39 area so I can see it bouncing up and down here for a while to create extra strong support.
I am still bullish on this token long term as seen in the green trend line and I think after a period of consolidation, it'll take off again. If it happens to break that long term, I will need to re-visit this chart.
There is strong fundamental on this instrument, however unfortunately crypto price is heavily reliant on the King Bitcoin. So $BTC will dictate what really happens and will continue to ruin charts at its own peril.
Having said that whole of crypto market cap has increased 3x very quickly and it has been a little oversold, so this is a nice correction before next leg up.
GLTAH
QNT
$QNT QNTUSD following the channel nicelyWith plenty of great FA, Quant keeps on chugging along the channel. All dips being bought and no irrational parabolic moves yet.
StochRSI showing oversold on 4H after some healthy correction, it has bounced off nicely off bottom and continue to move back up and range within the channel.
Always DYOR!
$QNT Ascending triangle forming - Target $56 (1.6 fib extension)QNT is having a great run thus far with excellent fundamentals. Still more to go with plenty of volume to back this up.
QNT is having a little break to refuel but should break out in a day or so. Good area to have a break as $40 is a psychological resistance.
Watch this tightning asecnding triangle range then booya!
QNT - one of the best setups in the crypto space !!! (part 2)Last November 2020 I was early stating that QNT had one of the best setups in the crypto space !!
However I was not wrong - I was just early !
Today the setup is even better !!
Since the recent low QNT is strongly outperforming Bitcoin and, in my view, it will do so even more in the following months !
Things should get interesting when QNT reaches 0.00081641, since it will enter in the volume thin zone.
When QNT will reach 0.00122234 things should really heat up.
With all the partnership it has collected and with its interoperability use case this coin is deeply undervalued !
I am buying.
Let's follow it closely !
QNT/BTC downward channel BROKEN!After a long grind downwards in SATS while BTC flew to the high heavens, we have finally broken clean out of the downward channel. Only way from here is up! We may bounce a little back down to .00046 for a short time but that will be the trampoline.
I attached a previous short TA to show that this is what was needed, and thankfully, it happened.
QNT GETTING READY FOR NEXT YEARCurrently, I am seeing bullish divergences on QNT/ETH and QNT/BTC charts, project is very promising and there should be really nice updates in Q1 2021.
The first bigger picture target would be about 23-24 USD following the channel plus it's also near the 1,618fib level from the previous USD high.
QNT Breaking Out?My Fellow Crypto Traders,
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QNT developing a bullish rising wedge structure. @ this levels could be a good entry position if upward trend holds and we see a continuation to the upside with QNT making higher lows.
QNT Entering The Buy Zone (Macro)My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
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ANALYSIS:
QNT formed a double-top, and currently undergoing a correction. Stoch is below 60, thus in a bearish trend. Therefore, potential upside gains after the 9EMA cross to the downside. As ETH enters a solid region of resistance, lower cap Alts should enter a bullish cycle.
*Note: I'm not a financial advisor, nor is this financial advice, but I am forsure BTFD w/ QNT.
QUANT exactly mimicking LINK after breaking wedge in Oct 2018Quant has broken out of the Massive Yellow wedge and forming an ascending triangle. This is exactly the pattern Chainlink had in the week of 20 October 2018.
This company has outstanding FA being featured on Real Vision a month ago. Also Quant was awarded the Gartner Cool Vendor award in 2019, Chainlink in 2017.
Link exactly followed this pattern since the bottom. Breaking the yellow wedge, flipping it and pursuing to test the all time highs within the ascending wedge range. Hereafter correcting 40% (not retesting yellow wedge)
The massive Cup and Handle pattern which form the highs is a classic ICO pattern that has to be broken before continuing in the next phase. Link is one phase (2 years) ahead of Quant.
Very open to idea's and comments
Quant potential Running WedgeQNT/BTC is currently in a rising wedge formation with the 200-day MA as support.
Two breakouts have occurred above the wedge which were news-related, can be seen as noise. The last one making a new local-high was the RealVision interview with the CEO.
Where the price is in respect of the 200-day moving average will indicate the trend.
QUANT - powerful set up !QUANT is an important piece of the new Financial System in terms of INEROPERABILITY !
Here is what their internet site says about them:
"Quant Network delivers interoperability of private DLTs and public blockchains across hundreds of banks and financial institutions."
QUANT has been a very good performer during the bear market and has vastly outperformed Bitcoin most of the time !
Which cryptocurrency project can say this besides LINK and QUANT ?
from 12 million marketcap in 2018 to 120 million marketcap in 2020.
LINK has already exploded in 2020. QUANT is still to explode !
Thinks are lining up nicely.
There is a large inverse H&S pattern forming - ok it is not perfect - however I can see it. Can you ?
OBV is ticking up nicely in stair steps !
Volume is picking up and is soon to make a breakout !
Price is right velow the neckline of the inverse H&S formation.
I am taking a position in QNT and lool for a 5x in the short to medium term.
Not financial advice but it is what I am doing.