Why quant could be ready to achieve new all -time highs
Why quant could be ready to achieve new all -time highs
The leading cryptocurrency Quant () is now ready for a possible outbreak from a bullish pennant pattern. Here is a simple guide that shows you why QNT is currently one of the best crypto swing trade setups on the market!
On September 23, we have QNT in the model crypto portfolio for a. Sold faster profit of +13.5% with a 3-day crypto swing trade.
Now Quant is preparing for a more risky purchase in the event of a sweater in an important area of important price support.
quant increases to +75% in the model portfolio
On August 8th we placed a purchase entry at QNT for the first time.
In the following week we highlighted the interest bully chart pattern of QNT in our and analyzed quant a few days later.
QNT has been continuously up since then and currently has a price gain of +75% in the model crypto portfolio.
but separated from this position QNT is now preparing for a possible entry into the sweater purchase before This could soon lead to a massive outbreak.
Qnt Buy Setup: Introduction to Breakout
QNT has chopped around in a row in the last few days, but now comes in a support area of triple price convergence.
Note on the QNT-TAGE Chart below, as the following three technical support levels converge in the same area:
- sliding 50-day average (red line)
- dominant upward trend line
- Support of previous swing lows
In this type of chart pattern, the chances promote an upheaval of the pennant.
However, we would not be surprised First you will see a quick undercut and distribution under the obvious support that quickly snatches back.
When the QNT breaks up, pay attention to a higher volume to confirm the outbreak.
buy entry
We are looking for a potential buy trigger price for the swing trade in over the area of $ 310
In particular, we are looking for QNT to break out of its all -time highs via the downward trend line:
A movement about the $ 310 mark would also bring QNT again via the resistance of its 50-MA on the 4-hour chart-a useful indicator in our trade strategy.
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