QNT: inverted cup and handle, +40% incoming!QNT UPDATE: after a period of bullish consolidation around the highs and solid support in the 150 usd zone, Quant is ready to take off and take out the 200 dollar zone. I am super bullish on this coin, you can read why in my full analysis below, massive fundamentals and partnerships paired with insane token economics! At the moment we see a new impulse creating an inverted cup and handle with a roughly +40% target over the next week or two.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Qntusdt
QNT BITREX GLITCH?!So, the Bitrex QNT/USd chart is the one i have used for nearly 12 months now to track the price of Quant. I used it multiple times to chart with and send picture to friends to show levels of support/resistance, and so forth...
...at the end of July 2021, the chart "glitched out" showing a sell order from $1025.+/- and whilst i have always seen past glitches on charts correct themselves quite quickly, im still seeing that $1025 price registering on the chart....
...this would put my bags at a dirty amount, and quite possibly force me to tell my boss to suck my arse ring, but im very interested in getting everyones opinions!
QNT/USD Bullish Move Inbound?!I love Quant, my biggest regret was not buying more and focusing on other projects more last year, but recentley the moves QNT has made has been amazing!
Looking here on the Daily, we tested the 61.8% fib level really well, with a notable support at $150 showing great strength! If we are to follow a similar fractal as the last bullish move after this solid consolidation at $150, i can see us moving up to even higher levels with a target of $250 - $450 by Sept 2021!
IMAGINE THAT!!!!
SWING TRADE - QNTUSDT - LONG POSITIONPAIR: QNTUSDT
Price Is Resting On 0.236 Fib Level(Price: 183.5), It Is A Good Potential Buy Zone. At The Same Time Price Is Touching 20ema And Rsi Is Above 50 In 45mint Time Frame. Level 182.6 Has Shown A Good Support From 18th August.
Entry: 183.0 To 184
Stop: 176
Take Profits:
Tp1: 190
Tp2: 192.5
Tp3: 195
Descending triangle in Quant* Quant in 4H time frame forms a Descending triangle pattern, with the above trend-line as it's resistance and the support near $145.
* The Descending triangle is considered to be either bullish or bearish.
* If the price breaks either side of the pattern we can see healthy move.
QNTBUSD { QUANT } - BULLISH SETUPANALYSIS 🔎
- QNTBUSD is on an uptrend bounded in the ascending channel.
- The market hit an all time high (ATH) and retraced.
- Price is retesting the flip horizontal support, the ascending channel support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement is resisted by the descending trendline resistance.
- Breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Aggressive entry: the key fibonacci retracement zone .
- Conservative entry: breakout above the descending trendline resistance.
TARGETS 🎯
- Horizontal resistance level (@165.6)
- Horizontal resistance level (@191.9)
- Ascending channel resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the ascending channel support
- Final invalidation: breakdown below the 0.786 fibonacci retracement level.
QUANT DECOUPLED FROM BITCOIN - BEARTIME GAINS?The last time we saw a coin divert like this from bitcoin during a general market downturn was LINK in 2019-2020. If things continue as they are, imo QNT is the comfiest coin to hold during a full blown 2-3 year bear.
Quant is still in a textbook bull run (higher highs, higher lows, previous resistance turns support) but that will be invalidated if it can't hold 50 dollars. if that happens, expect that standard 85-90% downturn to around 15 bucks or so.
$QNT to <$50Technical analysis is not looking promising on $QNT currently. The extreme increase it has seen recently in price during a period of the market being extremely weak and the hype around it makes me believe it is the number one contender for a big dump imo. $QNT has reached the end of an Elliott impulse wave and has just established an AB of the counter trend wave. I believe the green line drawn is very unlikely but left it there as bullish of bullish scenario. I believe that considering the weak market i am seeing in crypto currently and the fact that $QNT has pumped to crazy levels makes QNT a ticking time bomb in my eyes. I recommend if you are in QNT as a mid term investment to take profits especially if you got in late. Hope this helps some people.
QNTUSD: another project on my watchlistCMC #102
" What Is Quant (QNT)?
Quant launched in June 2018 with the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. It is the first project to solve the interoperability problem through the creation of the first blockchain operating system.
The project is built as an operating system distributed ledger technology— and Overledger Network — for connecting different blockchain networks. The project is billed as the first OS to be built for blockchains.
The main aim of Quant — using Overledger — is to bridge the gap that exists between different blockchains. The backbone of the project is the Overledger network, which Quant bills as the ecosystem on which the future digital economy ecosystem will be built.
Overledger allows developers to build decentralized multi-chain applications (known as MApps) for their customers. For developers to build a Mapp on the network, they must hold a certain amount of Quant tokens (QNT).
Who Are the Founders of Quant?
Gilbert Verdian, one of the founders of the Quant network, had the idea for the blockchain project while he was working in the healthcare sector. Verdian identified the importance of interoperability in ensuring that patients registered on different platforms are covered.
Verdian has over 20 years of industry experience in upgrading the security, technology and business strategies of businesses around the globe in order to achieve tangible results.
Prior to the Quant Network, Verdian served as the chief information security officer (CISO) of Vocalink, a Mastercard card company, the chief information officer of NSW Ambulance, the CISO of eHealth NSW, and the security lead of the Ministry of Justice, UK.
The second co-founder, Dr Paolo Tasca, is an entrepreneur, digital economist who specializes in distributed systems. Dr. Tasca has served as the special advisor on blockchain technologies for the EU Parliament, the United Nations and numerous central banks worldwide.
He is also co-author of several books on fintech and is the co-founder and governing board chair of Retail Blockchain Consortium.
What Makes Quant Unique?
Since the introduction of blockchain and the distributed ledger technology, innovators have found use cases in almost every known industry. However, there has been the problem of seamless interoperability between these projects. Quant was created to be the missing link between the “different” blockchains.
Quant’s operating system, Overledger, was designed to act as a gateway for any blockchain-based project to access all other blockchains. It also works in connecting an application to other applications in the same blockchain ecosystem, like Ethereum.
More than multiple blockchain interactions, Quant creates different layers for apps to interact at different levels. Quant has different layers for transactions, messaging, filtering and ordering, and an application for sharing and referencing identical messages related to other applications.
The Quant App Store has the ability to read and monitor transactions across multiple ledgers. Using Overledger, developers write smart contracts across a wide variety of chains including those that don’t support them — such as Bitcoin. Developers can also use the store to create and release multi-chain applications (MApps).
Related Pages:
Find out about Chainlink (LINK).
Find out about Polkadot (DOT).Learn how to use Uniswap.Read up to date crypto news on the CoinMarketCap blog.
How Many Quant (QNT) Tokens Are There in Circulation?
Enterprises do not need to purchase the QNT tokens in order to use the Quant Network. However, they need the QNT tokens to use the network.
A developer has to purchase a license (in QNT) to create anything on the platform. This requires tokens to be locked up for 12 months. The cost of running the Gateways and performing read/write operations on Overledger requires the use of the QNT tokens.
The max supply of QNT tokens is set at 14,612,493 tokens. The QNT tokens were split in the following way:
9.9 million QNT tokens were sold to the public during the ICO;
2.6 million QNT tokens were assigned to the company reserve, to keep the project running;
1.3 million QNT tokens were reserved for the company founders;
651,000 QNT tokens were issued to the company advisors.
Currently, the circulating supply of the token is 12,072,738 QNT. The extra 2 million tokens are held by the company. These tokens are unlocked and could be sold or issued at any time.
How Is Quant Secured?
Overledger forms the backbone of the Quant Network. Overledger ensures communicability among DLT networks and interacts with different blockchains.
The Overledger Network includes gateways for linking different blockchains. Similar to Ethereum’s proof-of-stake blockchains, the Quant Network community is involved in handling treasury smart contracts.
The community handles QNT payments flowing from users to the gateways. They do this in a manner where people are held accountable to any observer."
QUANT with incredible recovery potential! What do you think!?Technical analysis regarding the price of QUANT in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏