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.*
QNTBTC trade ideas
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 .
QNT looking scrubby, waiting for new trend lines to formQuant has been pretty good for range trading recently, but has fallen out of a larger upsloping trend (fib channel).
It has low volume and can be volatile, though recently less so, and also recently is not printing anything that tidy or easy to trade (for me at least).
Currently waiting for a re-entry to break even on my last trade and see what develops pattern-wise.
I'm up a few % in QNT, buying, selling and increasing the overall holding.
QNT dumps hard when BTC pumps.
Still bullish on the fundamentals. Quant calls itself an OS for blockchain and has some much talked about SIA partnerships.
It is one of those Alts that could potentially moon.
QNT falling out of fib channel, could signal a trend reversalQNT has been ranging in this channel for some time, bouncing nicely.
Daily now looks quite bearish, and it broke below the lower fib support for the first time since entering this range.
Currently testing the 200MA.
Low volume means it can be quite volatile so maybe there will be a large bounce
$QNT Bullish Summer$QNT continues its Bullish Summer. Bittrex volume has increased significantly over the last month.
A nice little potential Head & Shoulders (SHS) pullback is beginning to present itself on the higher timeframes above 4h. If price action continues to move down into the right neckline of said SHS, a rebound can be expected to rebound around the positive trend range zone of 72k satoshi's. We might see this range by July 10 if that is the case.
If you sold above 105k satoshi's, BRAVO! Catch your re-entry positions between 90k-72k satoshi's.
Likelihood of SHS right neckline formation is about 20%. 90k satoshi's is the key support level.
Just a little QNT outlookFor the QNT shills that I interact with daily, just wanna check out the price action and how it plays out over the next week.
Interesting intersection incoming around June 18th inside of the local pennant that Quant is currently in. They say QNT is a "bear market coin". Well lets see how it runs this throughout this idea
If ur lucky, this is one those extremely rare gems.Quant Network ($QNT) has had nothing but amazing news since its inception. I have been following this project for about 6 months. The team is A++ and the project has a clear vision with a very solid use case for the future of blockchain. They recently announced a partnership which resulted in aggressive upwards momentum. I don't recommend to trade this short term but rather buy some now and forget about it for a minimum of 1 year. As always, DYOR before investing.
QNT - Massive 400%+ Potential PlayI've been waiting for this for ages - the next QNT cycle. Expecting this one to at least reach the highs of 0.0008, if not new highs altogether.
Beautiful HTF cup n handle formed with a double bottom. Massive increases in volume show an accumulation zone.
The chart makes more sense if you look at my twitter thread, the TV chart doesn't have much history behind it: twitter.com
Initial entry was 0.00025
QNT - Next leg up (finally)This analysis makes a lot more sense if you see the bigger picture. QNT listed on bittrex relatively recently, but there's a lot more price history on Idex. Check out my Idex analysis in this tweet - twitter.com
0.786, historic support, soon to be wedge break, double bottom, all on one of the most prestigious projects out there. This should be good!