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QNT / TETHER Standard Futures

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QNTUSDT.PS trade ideas

What will it be?!QNT had a very sharp price drop in the past weeks. The candle two weeks ago, with a negative 35% decrease, is one of the most negative weekly candles, which has brought the price of this currency to an important support level in the range of 95 to 108 dollars. As you can see, $100 is in this area, and it has had a lot of reactions in the past. Also, the support seen in this range can cause the price trend to the range. Considering the previous strong upward wave, as long as the price of this currency does not return below the current support range, its trend will not be downward in the daily time. On the other hand, the upward trend in the 4-hour timeframe requires breaking the resistance of the $130 range. So, in general, we can expect a range trend for this currency. We can also consider a symmetrical triangle pattern in the 4-hour timeframe. Breaking the pattern from above can help to improve the conditions of this currency and remove the selling pressure to remain above the $100 support level.
by MonoCoinSignal
5
QNT analysisQNT showed good growth for the last months (400%) but against the backdrop of FTX scam, it showed the same weakness as other coins. When we gave the last forecast, it was a local peak on QNT with large volumes that we played down, which indicates the distribution of large players. Now we are holding on to MA 200, if it is broken, we expect it to fall into the $40-60 demand zone. This scenario seems most likely now due to the negative market. Cancellation of this scenario may be fixing above MA 100
by razumcapital
1
🔥 QNT Parallel Channel: Bullish Trend ContinuedQNT has been one of the best performing alts of the last several months. However, it as a big sell-off during the whole FTX fiasco. For now, I think that QNT has likely bottomed after reversing from the bottom support of the parallel channel. Seeing that most of the previously good performing alts are seeing good gains, I think that QNT will soon see an influx of buyers. Just to be sure, I'm keeping my targets relatively close. See blue lines.
Long
by FieryTrading
1
QNT UpdateI believe that QNT would have bounced off the bottom of the channel and continued its steady upward trend had it not been for the black swan event of the FTX collapse. But given that it did break through the bottom of the channel and then showed a strong V-shaped rebound immediately after, tells me there's likely enough money interested in QNT that a return to ATL (40ish) is unlikely. QNT has spent a lot of time in the highlighted range. It is my opinion that the lowest prices we see will be around the 90 support. Currently, QNT is holding around the 140 support. If it makes a significant break below, I believe we will then range between 90 and 140 as we did from January to May and July to October of this year. If we see a strong bounce off of 140 support, I will expect movement toward the 200 resistance. I believe a strong bounce is possible given that QNT did not nuke downward and is more-or-less holding its downward wedge formation. All of this is, of course, barring any other major disruptive events in the market or additional fallout from the FTX situation.
Long
by AlecTheWriter
🔥 QNT Elliot Waves: Last Bullish Leg Coming?Over the last couple of weeks I've made several bullish QNT analyses, which all started by the discovery of an inverted Head & Shoulders pattern. Since the QNT top around $225 around two weeks ago, we've been trading bearish. In my view, the market just needs to give the RSI some rest after it hitting severely overbought levels around 85 points. I'm expecting the higher-low (4) to be between now and $130, which is the previous top (1). A move below $130 would invalidate this Elliot Waves analysis. Determining where the 5th leg will top is difficult. For now I'm eyeballing the area between $250 - $300. Keep in mind that we've got a FOMC meeting tonight, so volatility is expected.
Long
by FieryTrading
9