Last November 2020 I was early stating that QNT had one of the best setups in the crypto space !!
However I was not wrong - I was just early !
Today the setup is even better !!
Since the recent low QNT is strongly outperforming Bitcoin and, in my view, it will do so even more in the following months !
Things should get interesting when QNT reaches 0.00081641,...
After a long grind downwards in SATS while BTC flew to the high heavens, we have finally broken clean out of the downward channel. Only way from here is up! We may bounce a little back down to .00046 for a short time but that will be the trampoline.
I attached a previous short TA to show that this is what was needed, and thankfully, it happened.
Quant has broken out of the Massive Yellow wedge and forming an ascending triangle. This is exactly the pattern Chainlink had in the week of 20 October 2018.
This company has outstanding FA being featured on Real Vision a month ago. Also Quant was awarded the Gartner Cool Vendor award in 2019, Chainlink in 2017.
Link exactly followed this pattern since the...
QNT/BTC is currently in a rising wedge formation with the 200-day MA as support.
Two breakouts have occurred above the wedge which were news-related, can be seen as noise. The last one making a new local-high was the RealVision interview with the CEO.
Where the price is in respect of the 200-day moving average will indicate the trend.
Buy and Sell Signal forecast on 3 timeframes:
Sell on 1 hour chart (due to overbought)
Buy on 7h chart
Buy on 3 days timeframe
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
This move has been largely anticipated ... but took a long time to materialize !!
It is finally happening !
.... and will be very powerful !!
We could have a backtest of the bullish ascending wedge (yellow) which would be a perfect buying opportunity !
This one is outperforming Bitcoin in a period of Bitcoin strength !!
We are still early in the move and there...
Quant has been consolidating in an ascending triangle since it started trading. It checks a lot of the conditions I look for before opening a positon with a trend-following strategy.
Once trigger condition is met, I reassess current market volatility to figure out if the risk:reward is favorable to grant opening a trade.
Time to pay close attention.