QUANT (QNT) - A Deep Dive into Its Bullish Weekly Timeframe Hello, TradingView aficionados!
Today, I'm taking a closer look at QUANT (QNT), specifically analyzing its performance on the weekly timeframe. There's a lot to unpack here in terms of technical indicators and bullish signals, so let's dive into the nitty-gritty.
Weekly Timeframe Analysis:
Support/Resistance (S/R) Dynamics: On the weekly chart, QUANT has been consistently testing and respecting key S/R levels. The recent bounce off a significant support level indicates strong buying interest at these price points, a bullish signal for potential upward movement.
Trend Analysis: The application of trend lines and channels on the weekly timeframe reveals a potential reversal pattern. Look out for a breakout above the descending trend line which could signify a trend reversal from bearish to bullish.
Bullish Indicators and Metrics:
Volume Analysis: An uptick in trading volume accompanying price increases is a sign of strong buyer interest, adding credence to the bullish outlook.
Fundamental Overlays:
While the focus here is on technical analysis, it's always beneficial to overlay fundamental aspects. QUANT's unique proposition in blockchain interoperability and its enterprise-grade solutions provide a solid fundamental backdrop to the technical outlook.
Trading Strategy:
Entry Points: Identify entry points post a confirmed S/R flip or a breakout from the descending trend line.
Exit Points: Setting up profit targets near historical resistance levels and using trailing stops can optimize exit points.
Risk Management: Given the inherent volatility in crypto markets, it's crucial to manage risk by allocating only a portion of your portfolio to such trades and setting up strict stop-loss orders.
Conclusion:
QUANT's weekly timeframe analysis paints a bullish picture, backed by several technical indicators. However, always remember, no analysis is foolproof. Diversify your risks and keep abreast of broader market movements.
Eager to hear your analysis and viewpoints on QUANT’s current market position. Let's engage in a fruitful discussion!
Happy Trading!
Cryptocurrencysignals
IOTA/USDT - Poised for a Turnaround Post Liquidity Sweep and S/RToday, I'd like to delve into the intriguing dynamics of IOTA/USDT, particularly highlighting its current positioning on the higher time frames, complemented by a detailed look at the daily trade setup. We're observing some compelling signals that suggest a potential upside in the near term.
Technical Analysis:
Higher Time Frame Outlook: The higher time frame for IOTA/USDT has been showing strength and stability, laying a solid foundation for potential bullish movements.
Liquidity Sweep Completed: Recently, IOTA has undergone a liquidity sweep, which is often a precursor to a significant directional move. This sweep can signal the exhaustion of selling pressure, setting the stage for a bullish reversal.
Support/Resistance Flip: A key development to note is the S/R flipping. IOTA has turned what was once resistance into support, a classic bullish signal that often precedes upward price movement.
Daily Trade Perspective:
Entry Points: Look for confirmation of support holding on the daily time frame, which could serve as a robust entry point.
Targeting Profits: Set your profit targets based on key resistance levels overhead, which could act as potential take-profit zones.
Risk Management: Given the volatility of the crypto market, it's crucial to employ prudent risk management strategies. Ensure to set appropriate stop-loss orders to protect your capital.
Why IOTA is Worth Watching:
IOTA's unique technology, particularly its Tangle ledger, offers significant advantages over traditional blockchain in terms of scalability and transaction fees, making it a noteworthy project in the crypto space.
Continuous development and potential adoption scenarios in IoT (Internet of Things) make IOTA a fundamentally strong project with promising future prospects.
Conclusion:
The combination of a positive higher time frame outlook, a completed liquidity sweep, and a successful S/R flip creates a potentially lucrative scenario for IOTA/USDT. As with any trade, keep an eye on the broader market sentiment and news that might impact the crypto market.
I'm eager to hear your views and approaches to this setup. Let's discuss more in the comments section below!
Happy Trading!
BITCOIN Every monthly pull-back is a BUY opportunity from now onOn this 1W analysis we see Bitcoin's (BTCUSD) amazing symmetry through its historic Cycles. A symmetry which upto this date, is holding and we will explain why right away.
Before we begin, note that the current study can be used in combination with our legendary Golden 51%-49% Ratio publications shown below:
** Three Cycle Phases **
Now as to the cyclical symmetry. The chart classifies each grand Cycle into three phases:
a) The Bear Phase (red), which starts at the top of the previous Cycle and ends on its bottom. The price breaks below the 1W MA50 during that phase.
b) The Accumulation Phase (blue), which continues where Bear left off and is when investors buy for the long-term following the market bottom. The price breaks above the 1W MA50 during that phase.
c) The Bull Phase (green), which starts after the Halving event (orange vertical line) and ends on the new Cycle top. The price never closes a 1W candle below the 1W MA50 during that phase.
** The Symmetry **
As you can realize just on first glance, the Phases along the Cycles are on an amazing symmetry. The Bear Phases has so far been 59 weeks (413 days), 52 weeks (364 days) and the most recent 58 weeks (406 days) respectively. The Accumulation Phases have been 77 weeks (539 days) and 73 weeks (511 days) respectively. The Bull Phases have been 75 weeks (525 days) and 79 weeks (553 days) respectively.
The current Accumulation Phase will be 71 weeks (497 days) by the time of the Halving, which is remarkably along the lines of the previous 2. As for the new Bull Phase after the Halving, we could assume a minimum duration of 75 weeks (525 days) as in 2016 - 2017.
** Fibonacci role on the Halving date **
The key at the moment as we approach the upcoming Halving in April, are the Fibonacci retracement levels. During the previous two Halvings, BTC had already reached the 0.786 Fib once and at the time of the Halving was around the 0.618 Fib, which is basically the current price levels within 39000-40000. The 1W MA50 is about to touch the 0.5 Fib level which is around 33000 and technically, based on this model, is as low as the correction can extend to.
Technically we should be expecting price levels around 40k as we enter April, which of course doesn't dismiss the possibility of another run to 50k earlier. In conclusion, assuming the 1W MA50 is the new long-term Support from now on, every monthly correction, should technically be a buy opportunity as we head into the Bull Phase.
But what do you think about this Cycle mapping? Do you expect history to continue to repeat itself? Feel free to let us know in the comments section below!
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RONUSD Pull-back expected.Ronin (RONUSD) hit the top (Higher Highs trend-line) of the 1-year Channel Up. This is the 2nd Bullish Leg of the pattern and is technically expected to peak at +635%, same as the April 10 2023 Higher High. We expect at least a -47.27% decline towards the 1D MA100 (red trend-line), targeting 1.5000.
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BITCOIN 1W MACD Bearish Cross formed. Is it alarming?Bitcoin (BTCUSD) is on the 3rd straight bearish week (1W) following the 49000 High, which technically was a Higher High on the 1-year Channel Up. This is the 2nd Higher High structure within this pattern (first was on April 10 2023) and technically we are currently on the new Bearish Leg that seeks the formation of a new Higher Low at the bottom of the Channel Up.
** 1W MACD Bearish Cross **
This week's big development though is the completion of a Bearish Cross on the 1W MACD, the first one since July 24 2023 and before that May 29 2023. Both of those came after the peak formations but delivered at least another 3 weeks of downtrend.
** The 3-year Cyclical Demand/ Supply Zone **
Interestingly enough those peaks were priced on the 3-year Cyclical Demand/ Supply Zone, which we have analyzed extensively in previous publications (has been Support during the Bull Cycle and Resistance during the Bear Cycle). This time BTC is above that Zone and the current Bearish Leg has high probabilities of testing it as a Support (Demand) for the first time since May 2022.
** Where to buy? **
The medium-term supporting trend-line is the 1D MA200 (red trend-line), which is already near the middle of that Zone and long-term the 1W MA50 (blue trend-line), which is about to enter it. What long-term investors and Dollar-Cost-Average traders should be looking for is buy positions on those key levels. If the Cyclical Zone holds (i.e. keeps closing 1W candles above it), then it will be confirmed as a Supply level for the remainder of the Bull Cycle and most likely will propel the price to the new Parabolic Rally Phase after April's Halving.
** Next Target? **
Every Bullish Leg within the 1-year Channel Up has been around +100%, so as long as the pattern holds, we should be technically expecting a rebound of similar magnitude. Assuming the bottom (Higher Low) is priced as low as possible (on the 1W MA50), a new +100% rise will provide a Higher High around 65000, just below Resistance 2 (69150), which is essentially the All Time High (ATH). Historic patterns have shown that a buy just before the 1W MACD forms a Bullish Cross, is perhaps the most optimal entry in preparation for this rally.
But what do you think? Is Bitcoin about to test the Supply Zone and perhaps the 1D MA200 and 1W MA50? Are you waiting for a long-term buy there? Feel free to let us know in the comments section below!
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$AUDIO looks ready For breakout $AUDIO looks ready For breakout
Key Takeaways. A breakout is when the price moves above a resistance level or moves below a support level. Breakouts can be subjective since not all traders will recognize or use the same support and resistance levels.
HEXUSD Bottom is in! Excellent x10 profit opportunity.HEXUSD has had the strongest 1W green candle last week since the week of October 16 2023. It closed a week above the 0.236 Fibonacci level for the first time since July 10 but the biggest bullish development is that the 1W MACD histogram broke above its Descending Lower Highs trend-line, which is a major divergence from the early 2023, indicating that the market bottom has most likely been priced last October.
As a result, we are now looking at HEX's upside again with the first natural Resistance level being the 0.382 Fib, which is where the 1W MA50 (blue trend-line) is headed to. That is our short-term Target. On the long-term we are aiming at the 0.133750 Resistance which from the current level it is more than x10 returns. However we are willing to commit to that only if the 1W MA100 breaks (and closes a candle above), which is where the massive March 20 2023 rejection started or after a pull-back to the 0.236 Fib again.
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BITCOIN MACD bottom pattern shows when to Buy and when to Sell !Over the years we have discovered many historic patterns applicable to Bitcoin's (BTCUSD) Cycles. With a relative degree of volatility every time, since each Cycle has it's own distinct characteristics and fundamental events that shape it, those patterns can help traders/ investors construct strategies for buying and selling on a long-term scale.
This time we have come across a very unique pattern on the 1M time-frame, which can identify where to Buy and where to Sell, near the Tops and Bottoms respectively, on a Cyclical scale.
Starting from the November 2011 bottom onwards, each Cycle is measured at either 3.58 or 3.83 years to the point where the 1M MACD bottoms. The last MACD bottom and start of reversal was on February 2023, while BTC was trading around 23k on average. Still not as appealing as the November 2022 16000 but low enough to provide an excellent (and confirmed) long-term dip buy entry compared to the previous $69000 All Time High.
At the moment the price is on the 0.236 Fibonacci level of the current Cycle and as you can see on the chart, this is the level where BTC makes a 1-2 month pull-back. The Tops are priced either on the 0.5 or 0.618 Fibonacci levels. This means that long-term investors could take their profits either on January 2025 or July 2025, if the current Cycle lasts again 3.58 years. And as for the next bottom based on the model, it is expected on December 2026, where we can take a (relatively) confirmed buy position again for the long-term.
But what do you think about that MACD bottom model? Are you also expecting a new Cycle Top within January - July 2025? Feel free to let us know in the comments section below!
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Very interesting Elliott Wave structure...Luna 2.0 or Terra 2.0 is the new token that emerged from the hard fork of the Terra blockchain network. LUNA2 aimed to rescue the Terra Luna ecosystem following the collapse of the UST stablecoin in May 2022. Most of Terra's dApps and features migrated to the new chain.
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Beautiful Elliott Wave structure playing out...Beautiful Elliott Wave structure playing out... EOS.IO is a blockchain protocol based on the cryptocurrency EOS. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. It was developed by the private company Block.one and launched in 2017. The platform was later released as open-source software. #mana
Celestia (TIA) completed a setup for the next pumpHey dear members, hope you are well, and welcome to the new trade setup of Celestia (TIA).
Recently we caught almost 76% pump of TIA as below:
Now on a 4-hr time frame, has formed bullish AB=CD move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Lido DAO (LDO) completing a setup for upto 38.50% pumpHi dear members , hope you are well and welcome to the new trade setup of Lido DAO (LDO) with US Dollar pair.
Previously we caught almost 44% pump of LDO as below:
Now on a daily time frame, LDO is about to complete a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
RNDRUSD Expecting a technical pull-back.Render Token (RNDRUSD) gave us the bullish break-out we were looking for to buy on our last analysis (August 24 2023, see chart below) as the 1W MA50 comfortably held and provided the rebound that hit our Target:
The price had a strong rejection on the Diverging Higher Highs trend-line of the 1-year Channel Up since and is currently on the 1D MA50 (blue trend-line). The 1D RSI is replicating the June 2023 sequence so it is quite probable to get one last pull-back towards the 1D MA200 (orange trend-line) - 1W MA50 (red trend-line) Support Zone before a new rally. Target between 3.000 - 2.800.
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BITCOIN Will it respect the 3-year Pivot Zone?Bitcoin (BTCUSD) had a strong rejection last week shortly after breaking Resistance 1 (48400), which was the high of the March 28 2022 1W candle. That is technically strong enough to initiate a medium-term pull-back on its own. The correction bias get even stronger though if we consider the 3-year Pivot Zone which has been relevant since January 11 2021, initially as a Support (held numerous times, see green circles) and later as a Resistance (red circles).
A potential test of even the top of the Zone would bring the BTC as close as possible to the 1W MA50 (blue trend-line), which would be a healthy medium-term correction before the next parabolic rally starts. The next Resistance is the 68900 All Time High (ATH) and obviously our next long-term Target.
But what do you think? Will Bitcoin give us this pull-back buy opportunity? Feel free to let us know in the comments section below!
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VeThor Token (VTHO) setting up for upto 28% pumpHi dear friends, hope you are well and welcome to the new update on VeThor Token (VTHO) with US Dollar pair.
Recently we more than 30% pump of VTHO as below:
Now on a daily time frame, VTHO is about to complete the final leg of a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Prosper (PROS) about to complete a setup for upto 32.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Prosper (PROS) with US Dollar pair.
Recently we more than 115% pump of PROS as below:
Now on a 2-hr time frame, PROS has almost formed a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
"Emerging Trends: What the Future Holds for RVNUSDT Traders!"RVNUSD symbol analysis of cryptocurrency market in long term time frame Currently, the market is in a downward trend and it can continue to decline as long as it maintains the downward trend line. Move towards the previous ceiling to the range of 1.00000
The most important number is 0.02500, which will be the support range if the upward trend line is broken
BITCOIN The path to All Time Highs is scripted.It has been 14 months (November 14 2022) since we published our first (and to this date most important) Bitcoin (BTCUSD) Cycle comparison between 2022/ 2023 and 2014/ 2015:
www.tradingview.com
As you can see the main driver behind this comparison was the FTX crash in November 2022 and the Bitfinex crash in August 2015, which both acted as catalysts for the bottom. Following the FTX crash/ bottom, the price action has so far followed quite closely the 2015/ 2016 recovery.
On today's analysis, also on the 1W time-frame, we focus on the Rising Wedge that funneled the price action from the Cycle bottom to the bullish recovery. The similarities between the two Cycles are remarkable:
1. Bounce on the Lower Highs and 1W MA50 (blue trend-line) break-out, which basically confirmed the transition into the Bull Cycle.
2. Immediate Channel Down after the 1W MA50 break-out on the Rising Wedge's first Higher High.
3. 1W MA50 supporting since the break-out.
Right now we are in the stage where the price has broken above the Rising Wedge. In June 2016 this caused a short-term correction back inside the Wedge towards the 1W MA50, which as mentioned held. If BTC continues to replicate that Cycle, does it mean that such a technical correction is due? The 1W MA50 is currently above 30000 and rising aggressively.
But what do you think? Are you expecting a 1 - 1.5 month pull-back from here and then a new All Time High after April's Halving? Feel free to let us know in the comments section below!
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