QUANT, scalping heaven turning liability and vice versaUntil recently, Quant, trading pair $QNTUSDT was a scalping heaven with a very predictable chart that allowed easy scalping trades while moving against Bitcoin's trend.
All until Bitcoin started side trading movements which completely destabilised Quant, and completely blocked traders funds for more than 48 hours until it started moving again, unfortunately in a downtrend that increased losses even more.
Now, QNT started to proceed back into an uptrend after its major pump up from ~95 price area.
If Bitcoin continues its uptrend with minor dips, we can see QNT to regain its scalping spot with a trend against BTC. However, it is advisable scalping traders apply extra vigilance as QNT can switch to sideways trading for more than 48 hours.
Qntusdt
QNT | Getting Ready for Massive Breakout..!!
#QNT (update)
Consolidating in Descending Channel from last 4-Months..
So far Looks Bullish & If Channel Broken Upside, Expecting 2x Bullish Wave in Coming Days.
Send it to $400..!!
📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER..
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QNTUSDT Strong rise but no break-out yet confirmed.Quant is on a very strong 1D rise today, the strongest since November 09 2021. Even though this is the 4th straight green 1D candle, the restoration of the bullish trend long-term can't yet be confirmed. As you see the price has been trading within a Channel Down since the September 11 2021 market top. The 1D MA50 (blue trend-line) has been acting as Resistance since November 15. Even though the MACD made a Bullish Cross, this rise is just a rebound pricing the new Lower High within the Channel, as were all previous MACD Bullish Crosses since October 16.
The condition to fulfil in order to confirm a bullish break-out and resume of the bullish trend long-term is for the 1D RSI to break above its 57.850 Resistance, which has been holding since September 23 2021. A break above it, should see QNTUSDT break above the 1D MA50 as well and target the top of the Channel Down to roughly 210.00 - 220.00, while a break above it, sets in motion the next Fibonacci extensions (1.5 and 2.0). At the same time a break below the bottom of the Channel Down, should target the -0.5 Fibonacci extension.
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QNT Daily Outlook$qnt #qnt nice H4 close. Here is the daily outlook with fib extension levels that line up nicely with the support that was lost at .236.
Potential paths from here after strong LTF close.
Also worth noting, Daily tag of MA20 and SuperTrend.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
QNT not done to downside yet? at 125.?I do think the choppy rides are not done yet we may see today the further slide as the big financial markets slide in lower price action correction.
I could see easily a 118-119 price action dip an if it slides lower possibly even down as low as $80 dollars I will accumulate more at the 119 level an then more at 100 or lower.
QNT back in the buy zone!Some positive news during rainy days... QNT is my favorite alt and it dropped more than 60% off its ATH and is now back at support from which it previously rallied 20 to 30%. I loaded up and I anticipate a retrace of at least 10%, not bad if you appreciate the little things in life. I don't expect more pain for the coming days as there's an imbalance in all charts that favors at least some short term upside. Nothing is a given though, we need to keep an eye on the stock markets and BTC / ETH.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
QNT/USDTHello Traders,
QNT has just recover from its corrective move lately and already on a reversal. Its jumped out from a descending channel and turned major resistance at $186.7 into major support. MAs supported and based on Elliot Wave Theory QNT seems to about moving on its 3rd wave. A decent pump is expected. Lets see how QNT goes.
Buy: $180-$205
TP1: $249
TP2: $287
TP3: $344
#Quant #QNT at huge volume profile level - a coin with scarcityQuant at huge volume profile level - a coin with scarcity.
Hard to guess the direction in short-term... the ascending trendline may break the more often it is tested.
For a (re-)entry into the market a confirmed breakout of the red price trendline should at least be waited for.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or a coin-comparison.
*no financial advice
do your own research before investing