Quant is showing some strength against BTC (+7% over the day), a rare thing in this red ocean of altcoins.
This upward movement is supported by a modest rise in volume. However we wouldn't give too much hope for bulls as we need to remind them that Quant recently broke its uptrend.
We are seeing Quant rally after bouncing on a short term support at 70k satoshis...
Quant has been pretty good for range trading recently, but has fallen out of a larger upsloping trend (fib channel).
It has low volume and can be volatile, though recently less so, and also recently is not printing anything that tidy or easy to trade (for me at least).
Currently waiting for a re-entry to break even on my last trade and see what develops...
$QNT continues its Bullish Summer. Bittrex volume has increased significantly over the last month.
A nice little potential Head & Shoulders (SHS) pullback is beginning to present itself on the higher timeframes above 4h. If price action continues to move down into the right neckline of said SHS, a rebound can be expected to rebound around the positive trend...
For the QNT shills that I interact with daily, just wanna check out the price action and how it plays out over the next week.
Interesting intersection incoming around June 18th inside of the local pennant that Quant is currently in. They say QNT is a "bear market coin". Well lets see how it runs this throughout this idea
IF QNT can break the overhead resistance which it has already been rejected from twice, it could be a nice easy run up to the 8.2 area
IF it doesn't I'll be looking at the retest of the lower horizontal for an entrance
Quant Network ($QNT) has had nothing but amazing news since its inception. I have been following this project for about 6 months. The team is A++ and the project has a clear vision with a very solid use case for the future of blockchain. They recently announced a partnership which resulted in aggressive upwards momentum. I don't recommend to trade this short term...
