Quant Network is set to go higher when it breaks $110. Detailed TA on the local zone in the chart:
- HTF breakout
- HTF retest
- Needs to break and retest $110 to fly.
This is the first time since 2021 ATH that Quant has broken and retested its downtrend. Good things come to those who are patient.
Zoom out chart to see high timeframe.
Good morning,
Bitcoin has been leading the recent crypto rally thus far but given its huge market cap we know that wouldn't be the case indefinitely.
Fundamentally solid alt coins will step in as institutional demand will ramp up for their utility (not price). More on that in my previous analysis of Quant Network (linked below).
QNT vs BTC is currently in...
After correctly giving you the Bitcoin and Chainlink bottom, I think it's time to look at some other alt coin opportunities. One project I'm definitely bullish on is Quant Network: $QNT.
Very low max supply of around 14M coins, no inflation but above all currently heavily involved in Project Rosalind, a joint experimentation of the Bank of England and The Bank...
- An absolute beast of a project QNT is part of the ISO20022 and will do really well in the long run!
- Also QNT has a smaller supply than BTC of only 12 MILLION coins
- Market cap is only $1 Billion, QNT is still a baby
Some positive news during rainy days... QNT is my favorite alt and it dropped more than 60% off its ATH and is now back at support from which it previously rallied 20 to 30%. I loaded up and I anticipate a retrace of at least 10%, not bad if you appreciate the little things in life. I don't expect more pain for the coming days as there's an imbalance in all charts...
Quant has been consolidating in this trading channel since the end of January, almost 6 months.
It has finally confirmed a breakout, along with back test for support.
Couple this with the recent Coinbase listing, and I can see Quant breaking out to much higher levels.
Hard to pinpoint a price target, but I wouldn't be surprised to see this get up over $200...
Currently, I am seeing bullish divergences on QNT/ETH and QNT/BTC charts, project is very promising and there should be really nice updates in Q1 2021.
The first bigger picture target would be about 23-24 USD following the channel plus it's also near the 1,618fib level from the previous USD high.
Hey I think with most coins it will retest the new support around 13 to 14 area and then after the election it will start taking off to see new ATH of 28 dollars
