QUANT AND MANA – ALTCOIN CHART ANALYSIS

 


Quant (QNT) has known only one direction since its all-time high, and that is down. In the meantime, however, a trend reversal could form, but for this the support must be sustained.


We are currently trading at around USD 130 and thus above the red downtrend line, which has been a resistance for months. Furthermore, we confirm the monthly resistance P as support at the moment.


The RSI has recently recovered from its oversold territory. Now it is important that we can take out the last high and see an impulsive move higher for the breakout to be valid.


We are also at an important level in the QNT/BTC daily chart. Recently we made it back over the green support zone and are currently confirming it as support again.


The monthly resistance P continues to represent a resistance and has not yet been impulsively breached or confirmed. The trading volume has also decreased significantly again.



On bitcoin the same thing we discussed above, we need to hold this zone and with an impulsive move up take out the recent highs and make a higher high.


MANA is also currently in an interesting zone. Recently we managed to break through the red key level and at the same time form an uptrend, which we broke again.


Now we are exactly in this red zone and should hold it in order to be able to climb further up. We're currently trading at around $2.90. The next support would be around USD 2.60 (monthly support P).



At the same time, there lies the 200 SMA (last 200 average candles/purple). A retracement into this area would still be bullish if we saw an impulsive move to the upside from this region.

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