QNTUSD
Quant Looking to break out of Falling WedgeHello everyone. I have done another quick TA on QNT/BTC pair. It seems we are working on a continuation falling wedge pattern. I expect to see us break upwards and out of this pattern in the next few days and, hopefully, stay above the confirmation line that I have specified in a previous TA. The RSI looks primed for a move upward and the MACD is turning (yes I know it's only the hourly). There has been a lot of bullish news on Quant lately. Still looking to be a solid October! Let's Go!
Quant Lining up to hit near my target from yesterdaySo here you can see that my previous call out was right on point. I think we will have an Elliot Impulse wave upwards to around $11.84 in the next few days. The MACD has crossed and is on track for bullish momentum. Volume is decreasing from the previous mini pump and we should see some more buyers coming in to join the fun.
Classic Crypto Pump and Dump, Stay Away from Quant QNT: SHORTThe Quant Network team is disintegrating as this scam unfolds. This is a train-wreck to watch. Social metrics are skewed by social engineering. Trade volume is weak, developers dumping. Wash trading associated with pump and dump cycles. Stay away.
Here is a good article to read if you are invested, its just the tip of the iceberg:
medium.com
Classic Crypto Pump and Dump, Stay Away from Quant QNT: SHORTThe Quant Network team is disintegrating as this scam unfolds. This is a train-wreck to watch. Social metrics are skewed by social engineering. Trade volume is weak, developers dumping. Wash trading associated with pump and dump cycles. Stay away.
Here is a good article to read if you are invested, its just the tip of the iceberg:
medium.com
Quant currently is still in a downtrendMARKET ANALYSIS: QNT/USD
One of our members asked about our thoughts on $QNT.
While the project itself is one of the few in crypto we really like and think has serious future potential the chart currently is still in a downtrend. Announcements could reverse the trend with ease, especially on these relatively unknown mid caps with low volume but the formed descending triangle gives us a target of around $2 from a technical point of view. Could retest the broken trendline before going lower, but the current drop makes it unlikely. Overall, the macro chart looks ok. Quant was one of the very few coins making several new all time highs over the course of 2019.