Technical Analysis and Trade Signals for $QNT /USDT, including three target levels and trade momentum:
QNT/USDT Technical Analysis:
Current Price: $116.5
24h High: $116.5
24h Low: $98.7
Key Technical Indicators:
1. RSI (Relative Strength Index): Currently at around 70, suggesting that QNT may be entering overbought territory. A potential pullback is possible, but the momentum remains strong.
2. MACD (Moving Average Convergence Divergence): Positive, showing an upward trend, confirming bullish momentum in the short-term.
3. Support: $98.7 (24h Low)
4. Resistance: $116.5 (24h High)
Trade Momentum:
Bullish Momentum: With a significant 18.03% increase in the last 24 hours, QNT is experiencing a strong bullish trend. Expect further upside if the momentum continues.
Consolidation Zone: The price may face resistance near the $116.5 level, and a slight pullback could test support levels around $105.
Trade Signal:
Entry Point:
Buy near $105 - $110, as the price may test support before continuing upward.
Target Levels (🎯):
1. Target 1: $120 - A small resistance level that can act as an early target.
2. Target 2: $130 - A mid-term bullish level, with possible upward momentum if market conditions remain strong.
3. Target 3: $140 - A higher-level target for those holding long-term, contingent on continued bullish sentiment.
Stop Loss:
Stop Loss: $98.7 (24h Low), to protect against a sharp decline below support.
Summary:
Momentum: Bullish, but short-term pullbacks are possible.
Targets: $120, $130, $140.
Risk Management: Use a stop loss at $98.7 to manage potential downsides.