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QUANT – ALTCOIN CHART ANALYSIS

 


Quant (QNT) recovered relatively quickly from its lows. After we last traded below the USD 100 mark for a short time, we were able to recover significantly and are now at around USD 112.


We have now been able to pass the uptrend, which we only broke through on Friday, to the top again, but we still need a retest here to be able to confirm this again.


We were able to leave the 4H-EMA ribbons at the top. However, a retest should also be made here. Volume is very good for a Sunday and could continue to push prices higher.


In order to become a little bullish again, we definitely need a daily close above the last high. This is around 117 USD. Only when we can do this can we at least look up again.


However, if we don't get this close, we have to assume lower prices and the recovery will be over very quickly. First support would then be around 90 USD. There is the monthly support P.


However, it is questionable whether this will hold, since we have significantly more volume at around USD 80. So the chance that we'll still get this level is greater than with another dump.

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