QNT
QNTUSD - Correction Waves IncomingHello everyone,
Regarding the lately moves of the Quant, I ad to take a look also, considering that I've researched it in the past also: Check Related Ides below.
Fibb retracement can get us down to ~$94 zone in a decent scenario.
The minimum reachable for medium term would be $57.
Thank you for your time,
St.Gex
QNT refill 7pocketmissed a few trades; going to have to revise alarms on TV .
if QNT is still retaining price discovery among the small amount of holders; then possible refill zone would bethis 7 pocket; otherwise i wonder if it will have to distribute and accumulate along $200 prices such as the length of ETH in past times.
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Sep 5
Comment: currently watching some invalidation levels and key moving averages
Quant QNTUSDT BINANCE Falling wedge but.. Last time a Descending Broadening Wedge which broke out but after the breakout the volume was nowhere to be seen, in fact the volume even decreased/decreased and almost falls into a slight falling wedge.
Zooming out on the chart I come across something that looks like 3 mountains (HH - HH - LH).
In general, 3 of those mountains are mostly Bearish and keep an eye on the bottom if the Bears want to push the price even more, I will keep the $300 as next support for the time being. But if the Bulls check current support closely, there's a good chance they'll be eager to hit the $420 mark. we are nearing a next APEX (where lines cross again) could be a point of momentum.
Keep calm, trade safe and manage your risk.
(Disclaimer: this is not financial advice)
QNT Iin rangeQNT bouncing between support and resistance, we just want to see which one will break first, for upside move confirmation, we should also see a break of this descending trendline. Until that some short-term 6% up 6% down trades, if it's not too boring...Set alarms because this could take some time... Good luck
QNT parallel channel/MFI divergence 2hThe price has reached bottom of this channel. MFI bullish divergence visible on 2h timeframe.
Entry: buy 356.1 (current price)
TP1: 383.8
TP2: 413.6
TP3: 425.7
TP4: 458.4 (~30%)
TP5: OPEN++
Suggested SL:
336.3 (~6%) -- half of position size
then rest
manual sell if needed
All given values are approximate.
Remember about risk management, especially that BTC has been quite volatile lately.
QNT: did you buy? (+200% achieved!)A follow up on my previous analyses on Quant (QNT) which became one of my favorite projects in crypto because of the importance of interoperability, its token economics and its team / network. I made a full analysis on August 6th explaining why I am mega bullish on this coin (link below) and now just over a month later we more than doubled in USD and ETH and about a 4x in BTC. There is a lot more upside for QNT in the coming months with 675 USD (+77%) being the next bullish target for the ones who have patience.
The question remains, did you buy?
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Crypto bearish?! No, everything is fine!After a nice and long summer holiday I'm back for you all to help you out here and there to understand what is going on in the crypto markets. We have seen 7 consecutive green weeks and thus its time for a correction. Should you panic!? No.
Market maker vs. leverage and stop losses
The total crypto market (altcoin market displayed above) is looking very bullish regardless of the fast correction from this week. Traders have been stacking longs with high leverage and high profits and of course at some point its time for the market maker to bag his profit . Each time these fast corrections happen the same emotion is triggered: fear. With exchanges running low on ETH supplies and in general having sold truckloads of any coin, its is normal the market maker needs to bag up again. Fear is the perfect instrument for that together with a solid algorithm that hunts liquidations and stop losses. I haven't checked how many bulls got rekt on this dump but I bet there would be hundreds of millions of liquidations and that is free crypto for the market maker, which thanks you yet again for not taking profits or going long at a local high. Now, after a quick look on tradingview, it looks like most retail is going short right now, which is again a lovely deal for the market maker. Why?
TOTAL2 to 2 trillion
Well I expect a bullish reversal on Monday with the weekend providing choppy action. We could see some more downside to get rid of weak hands and in general provide some more liquidity to the market maker's longs. Yes he went long all the down from the previous highs back in April / May and he's building longs as we speak. I expect Monday or latest Wednesday for the market to reverse to the upside unless there is big news that prevents a bullish scenario. On the bigger timeframe we could be seeing something like a cup and handle forming although this is far from confirmed but it is a pattern I am looking out for. I do expect altcoins to smash their previous total cap and head for the 2tn mark. From there we can re evaluate, for now there isn't much to do in this market; I suggest you have a nice weekend and come back on Sunday night. :)
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
MORE INFO: have a look at my previous analysis on why trends always reverse for further reference.
QNT - Fundamentals analysisQuant is an Ethereum token, the operating system distributed ledger technology and Overledger Network is used for connecting different blockchain networks. The project is billed as the first OS to be built for blockchains. Quant has different layers for transactions, messaging, filtering and ordering, and an application for sharing and referencing identical messages related to other applications.
Limited circulating supply of coins - $12 million.
On the chart, we chopped around the $320 to 365 area for couple weeks and finally broke out. I see support at $370 and holding long.
Have a great wknd!