Technical Analysis - Quant
QNT/BTC - 02/19/2020

 

As shown above, we will be updating the technical analysis of QNT/BTC from the 23rd of January.

 

Overview:

QNT has shown some strength in the area of support and tested a significant area above. Currently, it is retracing without any significant sell volume, and with and still increasing Index, this could be the best opportunity to “buy the dip.”

 

Update:

As expected on the previous update, we’ve gotten an MKAST Algorithm Buy-Signal, which resulted in some nice gains. Nevertheless, we still reached and got rejected at an earlier key area of support. This could be a bad sign in the first place, yet to confirm this narrative, we need some form of confluence.

Looking at the volume, we do not have significant sell volume, and on this retrace, it is generally declining. The TJ-Index is still increasing and has not been making lows yet. The MKAST Algorithm is still on a buy-condition. Basically, we are looking at a deviation between the price and anything technical besides having a re-test of the key-area of support. An experienced trader would look for trades as close.

 

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


 
DISCLAIMER

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.