QNT/USDT - LONG----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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QNTUSDT trade ideas
Reached TP1, Time for TP2I told in previous analysis that if the price gets rejection from the triangle resistance then we can open a short at 198 with a target of 186 and 180
The price reached the resistance before I expected so we saw a rose to 205 where I was expecting 200.
So the entry should have been 202/203. But its target is still cool from the entry position.
This analysis was requested by @Kusama_Pilot but maybe he did not see it. Feeling bad for you dear. If I had your whatsapp or email, I would have messaged you.
No worry, I will publish about further movement after we reach our TP2
Happy Trading
Possible Scensrio 1 (70% Chance)Well as you can see QNT is inside a horizondal triangle. The sellers are putting more and more pressure. Whenever it touches the Resistaance line of this triangle, sellers take place to send it to the support level again. This is the first possible scenario about the next move.
If it reaces the 200 resistance line as well as the triangle resistance line an then if it gets a rejction like before, then we can enter a short trade at 198 and te stop loss can be 205. But 212 can also be a stop loss. It depends on you, but 212 will be a safe stoploss.
The first target will be 186 and the 2nd target will be 180.
The risk in this trade is around 35% (medium) so always do your own personal analysis.
I will be publishing another possible scenario next.
Two possible scenario for QNTFrom this situation, I have drawn two possible path which tells about the next movement.
The possibility of red path being true is 40%
And the possibility for blue path will be 60%
This is not a confirmed setup.....this is totally a prediction according to the RSI behaviour in 15 minute timeframe. It is not a deep analysis. So Trade safe
Happy Trading
🔥 QNT Time For Reversal After Massive Bullish MoveI've made several QNT posts over the last couple of weeks. Now that QNT has reached my last target of around $230, I'm starting to look bearish before I can looking bullish again.
In my view, both the daily RSI and the huge volume spike yesterday are signaling a (local) top. The RSI was severely overbought on the daily, marking a value of 85 points, which is rare in the current market. Furthermore, huge volume spikes like yesterday's are often a signal of reversals.
My target for the intermediate term is around $160, potentially even lower if BTC decides to drop hard. After $160 I'll be starting to look for a daily higher low to continue the trend.
Patience!
QNT new alpha?QNT is up 400% since June which is an amazing result for such a market.
We had a plan to buy QNT lower but it did not reach our buy zone and rose despite a new wave of declines on all top altcoins.
Now we come to resistance.
We do not recommend buying now after such a rise, but we allow a breakout of resistance and growth to the next one at $331
If you want to buy in the long term we think we will see price at least in the region of 150 - 160$
QUANT- Our Quarter 3 Pick was GREAT ✔️✔️✔️First time I posted about QUANT was in July during our Q3 report. I had then called QUANT 'Real World solutions' :
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.
Take a look at my previous 2 posts on QUANT, You will get all the basics together. I took a deep dive into many tokens and Quant was the one that grabbed my attention and my trust to invest in it.
Regardless of what happens in the markets, doing Research is the Key. Take a look at QUANT, market was 'against' but the pick was a great success.
These days I am doing the same for this Quarter (Quarter 4 2022 Report). If the market (the feds and Putin mainly) help this could be a great quarter. If not then i hope to pick another Great one.
One Love,
The FXPROFESSOR
(Pls no fomo..i do believe it has potential for 1000$ in the next cycle but right now 195-200$ is support and 248$ is major resistance. Look for the next ones also)
💡Don't miss the great buy opportunity in QNTUSD @quant_networkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (74.0).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. QNTUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 91.1
TP2= @ 107.9
TP3= @ 127.9
TP4= @ 154.5
TP5= @ 174.3
SL= Break below S2
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💡Don't miss the great buy opportunity in QNTUSD @quant_networkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (74.0).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. QNTUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 91.1
TP2= @ 107.9
TP3= @ 127.9
TP4= @ 154.5
TP5= @ 174.3
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️