$QNT is currently sitting on a strong support around $112, but could test a stronger support level down at the $106 area. Obviously this would be the best level for taking a position, but also dont want to miss an entry at the current S/R level. Im going to enter pending the next 1HR candle close (possibly longer depending on volume). Recent highs have tested...
$QNT is finally moving. Crypto Twitter is buzzed about supply shortages but I haven't verified, although I know that there never was a large amount available to begin with. This could push price up if this trend continues. In this post there is nothing fancy. Just showing two big S/R levels to be aware of. After $150...sky is the limit. And by sky I mean ATH's....
This is the 6HR chart but is just as definable on 1D, 4HR. Its also riding the 20 EMA as its floor. If the market holds this could see a huge upside.
So, Im just basing this on technicals alone. Obviously there are market factors that come into play but if things stay consistent, $ICP can close a daily candle above the 50 EMA (turquoise) and then volume increases...well, a rally to ATH would be close to 1300% returns. Its been consolidating since dropping in price after its Coinbase release. I know they are...
$JASMY has been on a roll since Saturday and has approached $.90. This seems to be a strong resistance level but very well could become support. We'll have to wait but if a solid close above this level is confirmed then it would make a great entry point.
This is hopium, but the new 4hr candle broke the descending channel thats been a pain in my a$$ for days now. Place blame where you want but Quant has been struggling since everything tanked on October 6th. I presume this was to be expected but QNT has been a hedge when BTC and ETH weren't moving. We are still above the 50 EMA which is great so I think some volume...
Possible Double Bottom in formation. A Break of the neckline (bounce off resistance) will confirm. New ATH could be in the cards as long as the market cooperates.
Some key price action levels to watch for. Quant can change momentum quickly so despite the current reversal I'm still optimistic.
Based on this upcoming candle close. Its seems that this momentum is breaking down. I hope I am wrong.
Waiting for a move....Publishing to check my work later. Testing my support/resistance analysis. Constructive criticism is encouraged.
Sure looks that way to me. If this can close above the resistance level ($6.50) then its gone!