Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-02-04 13:00:39

QNT Technical Analysis: Bulls Dream Of Rounding Bottom Breakout

The QNT coin price experiences a boom in buying pressure as it gains 50% in the past four days. Will the uptrend break above $160? Quant was launched in June of 2018 with the aim of connecting networks and blockchains at a global level without compromising the effectiveness as well as interoperability. Quant is the first initiative to tackle the issue of interoperability by establishing the first operating system that runs on blockchains. Quant’s primary goal is to create a bridge between various blockchains. The foundation of the Quant project lies in the Overledger network that it claims is the foundation that will be the foundation upon which the next digital economy will be constructed. Let us move ahead to read about QNT technical analysis. Past Performance of QNT The QNT coin price action creates a wave of bullish candles as it rises to compete with the rounding bottom pattern in the daily chart. The prices rise 50% in the last fours days after finding demand near the $90 mark. However, the price struggles to rise above the 50-day EMA and might give a reversal shortly. QNT/USD Daily Chart QNT Technical Analysis The QNT coin price action may shortly give a breakout of the rounding bottom pattern as it shows a blunt V-shaped recovery. Therefore, buyers can shortly find a breakout opportunity to ride the upcoming bullish trend. The crucial Exponential Moving averages shows a bearish alignment of the 50 and 100-day EMA. Due ...

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer