🔥 QNT Inverse Head & Shoulders Break Out: Great SuccessOver the last several weeks I've made two analyses where I discussed the inverse H&S pattern on QNT's chart. Since then, QNT has gained over 80% in value, a massive success.
For now, my $200 target still holds. However, I'm aware that this massive pump will end at some point, especially with the stock and crypto markets getting hammered by bad news.
We might move till $230, but after that I'm not longer bullish on this token. Sure, we had a great run, but it's currently not a good market to stay in long-term bullish positions.
QNTUSDT.P trade ideas
QNT Ready for Descent to $100Multi Timeframe Analysis
Hint: QNT, my most favored crypto is testing the limits of its massive bullrun. Expect institutional buyers to begin a sell-off for profit taking
Bull-Bear Narrative:
1. A bullish order block requires satisfaction at the $100 level; expect a potential test of fibonacci levels 154 and 133 first. Price gravitates to such market imbalances.
2. Trader's Dynamic Index signalling overbought.
3. Bearish Anti Cypher and Butherfly harmonic patterns point at a potential fall to 100. The lowest it should hit is $87
5. Bearish divergence signals on 4H 8H and daily
Await a confluence signifying a rejection from the resistance zones, then take a satisfying counter position. From this juncture, we update the next forecast. I wouldn't advise a trade at this point due to conflicting signals.
Recommendation: set a sell stop order a few pips below this level. Your SL can be poised above the harmonic pattern
Remember: life often disrespects charts so trade with caution
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Market order position upon the confluence of valid entry rules on the 4H or 1H chart.
-=ENTRY RULES=-
Trading philosophy: Don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the master trend.
Note: I use Daily/4H or 4h/1H market structures with wave analysis to prep for potential entries. The RSI , MACD and EMA indictors are confirmation for entries at the 4H or 1H timeframe
For ORDER BLOCK trades
When price reaches a bearish or bullish orderblock, ascertain the price reversal by means of
1. Dojis
2. Morning/evening stars
3. Several wicks.
4. Engulfing candles or three white soldiers in the opposite direction
5. Marbouzou in the opposite direction.
6. Break of trendline or fast EMAs
For SHORT:
4H chart should confirm that the bullish retrace had turned bearish in the direction of master trend. The MACD should have dropped below zero signifying a bearish environment. Price would have dropped below the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is below the 50 signal line
For LONG:
4H chart should confirm that the bearish retrace had turned bullish in the direction of the master trend. The MACD should have gone above zero signifying a bullish environment. Price had gone above the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is above the 50 signal line
Divergences:
The 4H, 8H and 12H chart can reveal hidden divergences on the RSI , MACD , Money Flow Index, CMFI, On Balance Volume and Stochastics. When one or more divergences manifest- be ready. Trend reversal is coming. My best practice is to wait for at least an RSI divergence on the 4H, then drop to M15 to see price shifting with a 50EMA aligned with the 4H divergence.
About me
I am not a financial advisor nor a signal provider. These are the opinions of a 20-year private trader in the legal profession as well as a businessman diversified in the tech and hospitality industries. My favored tools of the trade include wave analysis, price action on the 4H to Weekly timeframes and institutional order flow ( COT data).
In partnership with capital markets research group Plazo Sullivan Roche Capital of Mahe, Seychelles
QNTUSDT - IN A FIXbears points:
1 - Price action has reached a major resistance zone.
2 - bearish divergence on RSI
3 - Previous LH still intact
bulls points:
1 - Strong bullish candles on daily TF seems bulls are not taking a breather anytime soon
2 - Abcd pattern projections are 168-170 price point.
Any fresh entry must be supported with stoploss protection.
QNT - UntradeableQNT is unreal, absolutely in love with this coin
SIBOS happened and while everyone was expecting a post-event dump, it pumped hard and was barely phased by the BTC dump
I'm staying away from trading QNT, more so holding it
I don't see any reason why it shouldn't hit 190 now, resistance is at that range if you plan on trading it
#QNT is one of the best performing #crypto's of 2022Robust performance post bottom
Retested early launch price action
4X in price and on verge of breaking out
This may only appeal to large funded speculators, due to having a high token price. Driving away smaller speculator's.
But much like the stock market , if this token achieves a four figure sum in the next bull market who cares if you have ten tokens or a thousand.
QNTUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for QNTUSDT
Here we have R2 and R1 as the resistance areas which express the disability of the price to rise. S1 used to be another resistance area and S2 is our support line at the bottom. Therefore, we have the price fluctuating over S1 and we believe it will have a decline like its past behavior to reach S1. Here we must wait for some rising signs and when this happens, an increase is expected for the price in the coming days toward R1. If the price moves above R1, more rise is waiting for that. In fact the possibility of a decline for the price below S1 is so low.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck