Crypto Market & QNTUSD Technical Analysis & Predictions 2/26/21*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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QNTUSD trade ideas
QNTUSD analysisWe've broken mid-term support from upward channel around $42 and currently hovering around $34 mark.
It has been a good run since beginning of Jan (done close to 4x) and the market needs to go through its cycle.
There's a strong support around $34-$39 area so I can see it bouncing up and down here for a while to create extra strong support.
I am still bullish on this token long term as seen in the green trend line and I think after a period of consolidation, it'll take off again. If it happens to break that long term, I will need to re-visit this chart.
There is strong fundamental on this instrument, however unfortunately crypto price is heavily reliant on the King Bitcoin. So $BTC will dictate what really happens and will continue to ruin charts at its own peril.
Having said that whole of crypto market cap has increased 3x very quickly and it has been a little oversold, so this is a nice correction before next leg up.
GLTAH
$QNT QNTUSD following the channel nicelyWith plenty of great FA, Quant keeps on chugging along the channel. All dips being bought and no irrational parabolic moves yet.
StochRSI showing oversold on 4H after some healthy correction, it has bounced off nicely off bottom and continue to move back up and range within the channel.
Always DYOR!
$QNT Ascending triangle forming - Target $56 (1.6 fib extension)QNT is having a great run thus far with excellent fundamentals. Still more to go with plenty of volume to back this up.
QNT is having a little break to refuel but should break out in a day or so. Good area to have a break as $40 is a psychological resistance.
Watch this tightning asecnding triangle range then booya!
QNT GETTING READY FOR NEXT YEARCurrently, I am seeing bullish divergences on QNT/ETH and QNT/BTC charts, project is very promising and there should be really nice updates in Q1 2021.
The first bigger picture target would be about 23-24 USD following the channel plus it's also near the 1,618fib level from the previous USD high.
QNT Breaking Out?My Fellow Crypto Traders,
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QNT developing a bullish rising wedge structure. @ this levels could be a good entry position if upward trend holds and we see a continuation to the upside with QNT making higher lows.
QNT Entering The Buy Zone (Macro)My Fellow Crypto Traders,
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Cheers & Happy Trading!
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ANALYSIS:
QNT formed a double-top, and currently undergoing a correction. Stoch is below 60, thus in a bearish trend. Therefore, potential upside gains after the 9EMA cross to the downside. As ETH enters a solid region of resistance, lower cap Alts should enter a bullish cycle.
*Note: I'm not a financial advisor, nor is this financial advice, but I am forsure BTFD w/ QNT.
Quant Near Term Dip, Riding Long Bullish ChannelIn a longterm bullish channel since March. RSI is overbought, very toppy so I expect to see a dip in the next week or two in the $10.30 - $9 range. Then I expect it to continue upward staying in the channel for quite a while. However keep in mind the CCC Corona Clown Card, where all bets are off. If you look at the price rays I put in, I expect it will likely land on a couple of those along its travels.