QNTUSDT trade ideas
🚀💼 "Swing to Success: QNTUSDT with a 1:3 R:R 📈💥📈💥 Seize the Swing: Ride the Bullish Wave of QNTUSDT with a 1:3 Risk-to-Reward Ratio! 🚀💼
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QNTUSDT BROKE THE 186-DAY RESISTANCEQNTUSDT broke the 186-day resistance, so it is possible that upward movements are likely to come. If you consider entering, you can enter from the green coloured place (105.84-107.25). As you can see on the chart, I drew a resistance, you can sell there.
DEFINITELY NOT INVESTMENT ADVICE!!!
QNTUSDT BROKE THE 186-DAY RESISTANCEQNTUSDT broke the 186-day resistance, so it is possible that upward movements are likely to come. If you consider entering, you can enter from the green coloured place (105.84-107.25). As you can see on the chart, I drew a resistance, you can sell there.
DEFINITELY NOT INVESTMENT ADVICE!!!
QNT: Descending Triangle BreakoutQuant (QNT) technical analysis:
Trade Setup : Bullish breakout from Descending Triangle, which could see the price revisit 200-day Moving Average (minor resistance level ~ $118). If it breaks above that ($118), then that would confirm trend reversal, with upside potential to $130.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $100, then $87. The nearest Resistance Zone is $130 (previous support), then $160, and $225.
Descending WedgeDescending wedges are special patterns that always break upwards in profit.
Pattern is not complete until it closes ABOVE the wedge and breaks it.
Volume profile is indicating some support at the POC level, and things are starting to set up.
Possible that it may continue as this pattern is not confirmed until breakout.
Quant Bullish Divergence It appears that Quant is showing signs of a potential bullish divergence, signaling a potential upward movement in its price. I have decided to take advantage of this opportunity by entering a leveraged long position at $108.5. Over the last 24 hours, there has been a notable breakout followed by a retracement, which has formed an entry point for the trade.
Given the bullish setup, my target price for this trade is set at $115.
QNT is overdue a rally.. Falling wedge breakout imminent!We are entering the pinnacle of a falling wedge pattern, a breakout is inevitable, and due to its recent underperformance compared to many other alts.. I believe QNT is well overdue a rally.. I predict a 100% plus increase over the next 2-3 weeks. NFA
Range-Bound Trend and Support Break PossibilityQNT is currently experiencing a range-bound trend, fluctuating between a support level of $99 and a resistance level of $117. Following a recent significant upward movement in daily candlestick time, the currency's price retraced to the $100 support level to test the initial support from the beginning of that movement. As a result, there is still demand in this area. However, the drop has been substantial, raising the possibility of a breakthrough of this critical support level. The limited transaction volume indicates the continuation of the range-bound trend within this range. If the support level is breached, there is potential for the price to further decline towards the $69-73 support range. This support level is considered a strong demand zone, and we can anticipate favorable price growth from this point.
Regarding the RSI level of 43, it signifies the Relative Strength Index (RSI) value for QNT. The RSI is a technical indicator that measures the strength and momentum of a security's price movement. A value of 43 indicates that the RSI is in the neutral zone, suggesting that the price may not be overbought or oversold at the moment.
QNTUSDT needs the breakout!QNTUSDT reveals an interesting technical pattern, presenting a potential trading opportunity according to Plancton's Rules.
On the weekly chart, QNTUSDT is within a falling wedge pattern. A falling wedge is a bullish chart pattern characterized by converging trendlines with a downward slope. The upper trendline represents the resistance level, while the lower trendline acts as the support level. In this case, the lower trendline aligns with the weekly support area around the $96 price range. This level has proven to be significant in the past, serving as a foundation for potential upward moves.
To initiate a long position based on Plancton's Rules, a clear breakout above the resistance level at the $107 area is required. A breakout occurs when the price convincingly breaches the upper trendline of the falling wedge, often accompanied by an increase in trading volume. This breakout signifies a shift in market sentiment and can lead to a substantial upward price movement.
Traders who follow Plancton's Rules would be seeking confirmation of this breakout to initiate a new long position on QNTUSDT. It is crucial to monitor the price action, volume, and market conditions to confirm the validity of the breakout.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
Is $QNT going to start a bullish rally soon? If we look at the structure and waves, we can see the price is about to complete A-B-C correction where currently C wave is making an ending diagonal - which in classic pattern is falling wedge, a price reversal pattern.
Are we going to see bullish rally on QNT once price breaks out from the wedge?
Follow me for updates - I will be keeping track of this setup.