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QNTBTC

Falling Wedge Is A Good Sign For QuantQuant had an amazing run from late May through mid July. A correction was needed and it appears that it is complete. There was a perfect retrace to the bottom of the .618 Fibonacci zone. During the correction, volume decreased (bullish) and a nice falling wedge has been formed. It looks like this wedge could be broken soon because there is about to be a bullish cross on the MACD chart for the first time since May. After this last cross occurred, there was a 6x in price. We may not see that kind of growth this time around but we should see a nice spike in the price. *This is not financial advice. I am not responsible for any losses of money.*
Long
by ParCrypto
QNTBTC Analysis 08/05/19Quant is showing some strength against BTC (+7% over the day), a rare thing in this red ocean of altcoins. This upward movement is supported by a modest rise in volume. However we wouldn't give too much hope for bulls as we need to remind them that Quant recently broke its uptrend. We are seeing Quant rally after bouncing on a short term support at 70k satoshis and heading toward its former uptrend support that could now be very well act as resistance. As Stochastic Oscillator is getting deeper in the overbought zone, we could expect sellers to step up and take advantage to this rebound to bring the coin back to its 70k sat level and lower. This scenario becomes invalid if buyers are able to get back and hold above the trend with a daily candle close as confirmation. Raphaël Comte Investment Analyst at Token Metrics Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com .
by tokenmetrics