QNTUSD trade ideas
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
QNT USD Double bottom @ $1.25
Cup and Handle formation
Low RSI
long term buy and hold idea
THIS IS NOT FINANCIAL ADVICE
QNTUSD - Long Looking at the daily structure we see a break above resistance and flip to support. Follow that with a bullish pennant forming under the next major resistance area. I like QNT here or a bit closer to $4 as an entry. I think it will take off once BTC does it's thing and finishes it's correction.
We have a 1D timeframe Buy signal which indicates the longer term trend is turning bullish. The 1D Buy signal on the chart is not an indicator to enter and exit trades but rather an indicator that the trend has changed in a bullish direction.
If we can hold support over the coming weeks and break through to the $7 area, I believe $10 is on the way based on fib extension levels.
QNT/USD broke out of its Falling WedgeQNT/USD seems to have broken out of its half year-long falling wedge pattern. On the low time frames the wedge seems to have successfully been tested, but I believe there will be another more solid retest of the Falling Wedge before the break out can be confirmed in the coming days. My target after a successful break out is 8.5 usd.
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.
QNT/USD inverse parabolaInverse parabola on QNT/USD
1) RSI forming descending wedge
2) anticipating CMF to cross zero line
3) price being squeezed into an inverse parabola
We should see a relief rally soon.
