QNTUSDT trade ideas
QNT is good to buy and hold
QNT didn't make big move since the recovery of BTC and (almost) the whole crypto market, since the beginning of this year 2023.
However, if we look at the QNT's price action, we can see that prices are at the lower trendline of a triangle and that the accumulation is still on-going for QNT.
Indeed, when comparing to other trendy cryptos like GMX, OP and recently LDO, we can find that they have similar patterns: the triangle accumulation. All these three cryptos had broken out and are flying to set new and newer ATHs.
This is the reason why it is a good moment to buy and hold QNT for some weeks and months.
What do you think about QNT and this analysis?
Quant #QNT here we goWhat Is Quant (QNT)?
Quant launched in June 2018 with the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. It is the first project to solve the interoperability problem through the creation of the first blockchain operating system.
QNT EW COUNTHello Traders & Investors!
I wanted to show you all my EW Count on QNT.
We see it is respecting the ascending price channel, to the upside.
Possibly completing sub-wave 2 of Impulse Wave 3
What would I like to see to confirm QNT is working its way on Wave 3?
I would like to see an increase in volume as Wave 3 is typically the most impulsive.
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Quant #QNT update What Is Quant (QNT)?
Quant launched in June 2018 with the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. It is the first project to solve the interoperability problem through the creation of the first blockchain operating system.
Important supply areaIf favorable conditions in the market continue and double buying pressure is created to break the resistance of the range of $154-175, we can expect further price growth to the resistance of the range of $200 and $220.
This resistance is considered an important supply area, where we can expect a strong negative reaction if the price rises to this range. In the short term, if minor support is maintained in the range of $134-140, we expect the short-term upward trend to remain, and we will witness the formation of higher ceilings and floors.
QNTUSDT | FALLING WEDGE BREAKOUT...QNTUSDT has been trading with in a falling wedge .
The price has been converging within a wedge .
Now the price has broken above the upper side the wedge
The same zone is also a breakout zone.
The bulls need to hold the support zone .
Manage your trade accordingly.
QNT/USDT Elliott Wave count DailyQuant price rejection into 0.5 fib retracement of the last move to the downside, that may signal an end of the B wave.
Price may go to the downside with first strong support at the 0.618 fib extension zone where also we have 0.764 fib retracement of the first abc (black count).
If we claim back above 0.382 (price 145.2) fib retracement than we may continue to the upside and still has this chance for this move to the upside (blue abc) to be an impulse(red count). The chance will go if the price will break below red line (125.8) and we may see an acceleration of the price to the downside from this level.