QUANT - QNT/USD - 1H - Technical analysis published on 06/03/2024 (GMT)
- 84
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 90.09 USD
My targets
92.28 USD (+0.78%)
93.42 USD (+2.02%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on QUANT - QNT/USD. As long as you are above the support located at 90.09 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 92.28 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 93.42 USD as an objective. Crossing it would then enable buyers to target 94.53 USD. If the support 90.09 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The QUANT - QNT/USD price is 91.57 USD. The price registered a decrease of -0.03% on the session and was traded between 90.94 USD and 92.65 USD over the period. The price is currently at +0.69% from its lowest and -1.17% from its highest.90.94
92.65
91.57
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this QUANT - QNT/USD chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 84.12 | 89.11 | 90.09 | 91.57 | 92.28 | 93.42 | 94.53 |
| Change (%) | -8.14% | -2.69% | -1.62% | - | +0.78% | +2.02% | +3.23% |
| Change | -7.45 | -2.46 | -1.48 | - | +0.71 | +1.85 | +2.96 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87.95 | 89.28 | 90.44 | 91.77 | 92.93 | 94.26 | 95.42 |
| Camarilla | 90.92 | 91.14 | 91.37 | 91.60 | 91.83 | 92.06 | 92.29 |
| Woodie | 87.87 | 89.24 | 90.36 | 91.73 | 92.85 | 94.22 | 95.34 |
| Fibonacci | 89.28 | 90.23 | 90.82 | 91.77 | 92.72 | 93.31 | 94.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.05 | 86.08 | 88.48 | 91.51 | 93.91 | 96.94 | 99.34 |
| Camarilla | 89.40 | 89.90 | 90.39 | 90.89 | 91.39 | 91.89 | 92.38 |
| Woodie | 82.75 | 85.92 | 88.18 | 91.35 | 93.61 | 96.78 | 99.04 |
| Fibonacci | 86.08 | 88.15 | 89.43 | 91.51 | 93.58 | 94.86 | 96.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.48 | 77.79 | 84.16 | 95.47 | 101.84 | 113.15 | 119.52 |
| Camarilla | 85.67 | 87.29 | 88.91 | 90.53 | 92.15 | 93.77 | 95.39 |
| Woodie | 64.01 | 76.56 | 81.69 | 94.24 | 99.37 | 111.92 | 117.05 |
| Fibonacci | 77.79 | 84.54 | 88.72 | 95.47 | 102.22 | 106.40 | 113.15 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.01 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 1.43 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 91.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 91.14 | |
| Elder Ray (13): | -0.18 | |
| Super Trend (3,10): | 90.79 | |
| Zig ZAG (10): | 91.57 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 44.31 | |
| TEMA (21): | 91.90 | |
| Williams %R (14): | -63.05 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.56 |
| MA7: | 91.28 | |
| MA20: | 94.18 | |
| MA50: | 99.00 | |
| MA100: | 111.07 | |
| MAexp7: | 91.82 | |
| MAexp20: | 91.79 | |
| MAexp50: | 91.48 | |
| MAexp100: | 91.34 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | -2.77% | |
| Price / MA50: | -7.51% | |
| Price / MA100: | -17.56% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.25% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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