$QNT / $BTC : DOUBLE PATTERN; IHS / TRIANGLE
Updated
QNT one of my biggest gainers and personal favourites to trade.. This is a strong project with a good team and actually has a useful product.. DYOR (Do Your Own Research)
-At breakout level of symmetrical triangle
-At breakout level of IHS (See comments)
-Forming higher lows (watch for a hold of the uptrend)
-RSI Above 50
-The current pump is off a golden fib bounce which can lead to uptrend continuation..
-At breakout level of symmetrical triangle
-At breakout level of IHS (See comments)
-Forming higher lows (watch for a hold of the uptrend)
-RSI Above 50
-The current pump is off a golden fib bounce which can lead to uptrend continuation..
Comment
Possible Inverse Head & Shoulders patternComment
Invalidation for this pattern is under the 0.618 outlayed on the chart.If BTC has some strong movements it could easily invalidate this idea.
Comment
Alt coins look positive, but have to be cautious of BTC and what its doing. If BTC has extremely viotality then the alts can just dump off at anytime.
More explained on this idea here:
Comment
QNT has reached 80k so farKeep a eye out for rejection of the H/S or breakout
Comment
We had around a 20% Increase since i posted about QNT then a huge shakeout..But we bounced from the 0.618/orderblock area and we closed above another orderblock now. Seems like alot of orders got filled and we may continue up here.
A good long term strategy for QNT is to set buy orders from 0-40k (20-30k is ideal)
Wait for them to get filled, and wait for the next market cycle which can occur between every 3-6-12 months. Take profit is around 100-140k sats.
IHS Still valid.
Comment
QNT also looking quite positive here to continue its uptrend and breakout, i called it a while back at 65000 or so~Best strategy for this token is to set orders between 20-40k to catch the sell offs, low market cap coin so can be highly violatile so SL is not great with this, Put a small amount you can afford to lose and set orders at those levels, trade time is 3-6 months.
Trade closed: target reached
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