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.
Quant
ValuEngine Upgrades $PAAS to a BUY rating Target Price ExpectedReturn
1-Month 17.74 0.52%
3-Month 18.03 2.18%
6-Month 18.43 4.46%
1-Year 18.76 6.29%
QNTBTC Analysis 08/05/19Quant is showing some strength against BTC (+7% over the day), a rare thing in this red ocean of altcoins.
This upward movement is supported by a modest rise in volume. However we wouldn't give too much hope for bulls as we need to remind them that Quant recently broke its uptrend.
We are seeing Quant rally after bouncing on a short term support at 70k satoshis and heading toward its former uptrend support that could now be very well act as resistance.
As Stochastic Oscillator is getting deeper in the overbought zone, we could expect sellers to step up and take advantage to this rebound to bring the coin back to its 70k sat level and lower.
This scenario becomes invalid if buyers are able to get back and hold above the trend with a daily candle close as confirmation.
Raphaël Comte
Investment Analyst at Token Metrics
Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com .
QNT looking scrubby, waiting for new trend lines to formQuant has been pretty good for range trading recently, but has fallen out of a larger upsloping trend (fib channel).
It has low volume and can be volatile, though recently less so, and also recently is not printing anything that tidy or easy to trade (for me at least).
Currently waiting for a re-entry to break even on my last trade and see what develops pattern-wise.
I'm up a few % in QNT, buying, selling and increasing the overall holding.
QNT dumps hard when BTC pumps.
Still bullish on the fundamentals. Quant calls itself an OS for blockchain and has some much talked about SIA partnerships.
It is one of those Alts that could potentially moon.
ValuEngine Upgrades Peak Resorts, Inc. to a STRONG BUY Rating Target Price Expected Return
1-Month 10.99 1.32%
3-Month 11.14 2.69%
6-Month 11.54 6.37%
1-Year 12.58 15.91%
2-Year 12.29 13.27%
3-Year 13.10 20.70%
NASDAQ:SKIS
$QNT Bullish Summer$QNT continues its Bullish Summer. Bittrex volume has increased significantly over the last month.
A nice little potential Head & Shoulders (SHS) pullback is beginning to present itself on the higher timeframes above 4h. If price action continues to move down into the right neckline of said SHS, a rebound can be expected to rebound around the positive trend range zone of 72k satoshi's. We might see this range by July 10 if that is the case.
If you sold above 105k satoshi's, BRAVO! Catch your re-entry positions between 90k-72k satoshi's.
Likelihood of SHS right neckline formation is about 20%. 90k satoshi's is the key support level.
Equity Trend goes long in MTBC #marketimpact @randholmQuant strategy Equity Trend sets long position in MTBC.
S&P 500: Very last chance for bulls to get back in controlThe extreme selling has stopped this Friday, which increases the odds that the selling climax has been reached and shorts are getting closed before the week ends. Thereby increasing the likelyhood that next week is more bullish again. There is also a quant analysis which favors the bullish side on the Nasdaq in the next trading days, which would help the "S&P 500" to stabilize: biiwii.com
I'm only going long if the "S&P 500" moves back above 2667. If that happens I'm going to use a stop loss at 2638 and a target above the upper range of the open gap at 2725. This trading idea offers a risk/reward of 2.
DSP primary trend quantization v 1.1/this algorithmr takes a weighted average of the 10, 50 and 200 day moving averages, and quamtifies the trend strength
from +5 = strongly bullish to -5 = strongly bearish. 0 = no trend,
The strongest trend quantified will be when the 10, 50, and 200 day moving averages are all going in the same direction.
Another free indicator from Tarzan.
Peace.
Bearish Head and Shoulders forming on SPYA combination of lukewarm earnings for Q1 and talks of an impending Federal Reserve interest rate hike seem to be slowing down the bullish recovery we've seen in the S&P the past several weeks.
On the technical side, notice the failure to attain a new high. In fact SPY has consistently been unable to break new highs going back to May 2015, when the bear market truly began. Further, note the bearish head and shoulders pattern forming, Heikin Ashi candles with longer wicks to the downside, and somewhat strong resistance from above via the Ichi Moku Cloud.
Recommendations for a short trade: wait for the price to decisively break the neckline with a strong bar. The next fibonacci level serves as a decent profit target at about $200. Note that there is a relative vacuum between the hypothesized entry point and this value, aside from one level of support indicated by the dashed red line. For a stop loss, consider the apex of the right shoulder.