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Quantsignals

QNTUSDT Entered a new Bull CycleIt's been quite some time ago that Quant (QNTUSDT) gave the first bullish break-out signals as we highlighted on our analysis on July 09: As you see, the signal was the break above the 1D MA200 (orange trend-line) and we've clearly set a mark that a new Bull Cycle would start when the price would break above its (then) 6-month Resistance Zone. That has been emphatically achieved last week and Quant is on a strong Bullish Fractal targeting the 236.235 December 12 2021 High. With the 1D RSI approaching the top of its 2022 Channel Up, a pull-back afterwards wouldn't come as a surprise but from now on the benchmark Support will be the 1D MA50 (blue trend-line). All Highs, including the All Time High can be targeted after this. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
4
QNTUSDT strong 10 day rally approaching the 10 month Resistance*** *** For this particular analysis on QUANT we are using the QNTUSDT symbol on the KuCoin exchange. *** *** The idea is on the 1D time-frame where QUANT has posted a 10 day rally since the June 30 low, having broken above the 1D MA50 (blue trend-line). The long-term trend since the September 11 2021 High is a Channel Down and today the price almost hit the Lower Highs (top) zone of this pattern. This has had clear rejections on March 28 2022 and November 09 2021 previously. In our opinion we need to see a clear break above the Lower Highs trend-line, preferably above the 1D MA200 (orange trend-line) even, in order to leave behind this long-term bearish trend. The bias should turn completely bullish long-term if the price breaks above the 160.500 6 month Resistance, which is where the 1W MA50 (red trend-line) roughly is (also a Resistance since Feb 10). Until then, selling on a tight Lower High SL towards the 1D MA50 is a viable strategy. It is worth noting though that the market is close to a long-term bottom as the 1D RSI has staged a Bullish Divergence, being on Higher Lows and Higher Highs since January 22. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
3
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. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
4