Technical Analysis - Quant
QNT/BTC - 01/23/2020


As shown above, we will be updating the technical analysis of QNT/BTC from the 17th of December.



As we can see above, QNT has come down to quite a significant area of support and closed any gaps of inefficiency. Looking at the price action down here, we do see some bottom forming and even a huge volume breakout without the price moving too much.



The MKAST Algorithm has turned into a BUY after a quite long period, that combined with the bottom mentioned above formation, has a noticeable significance to it.

Moreover, the TJ-Index is as well showing more and more indicators turning bullish, which creates quite a few bullish divergences.

All in all, we can see quite a few bullish HTF indications. Nevertheless, an experienced trader would be looking to trade anything inside the green box, which is still very possible due to this here being an HTF chart. A re-test of the September Low seems to be a reasonable level since expecting multiple percentage gains as if it was an al-season is just not realistic after such a long and strong downtrend.

Any closes below the green box, would invalidate the bullish scenario and cause a further 30% drop.

This Technical Analysis is made by Kong Trading. The provided Analysis should not be considered financial advice!


The content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by Upblock or any third party service provider to buy or sell any cryptocurrencies (also called digital or virtual currencies, crypto assets, altcoins and so on). Trading and investing in cryptocurrencies (also called digital or virtual currencies, crypto assets, altcoins and so on) carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrencies, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading and seek advice from an independent financial advisor. ICO's, IEO's, STO's and any other form of offering will not guarantee a return on your investment. Since


Any opinions, news, research, analyses, prices, or additional information contained on this website is provided as general market commentary and does not constitute investment advice. Upblock will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed on this Site are owned by the respective writer and should never be considered as advice in any form.