{"id":8976,"date":"2021-09-29T20:28:18","date_gmt":"2021-09-30T00:28:18","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=8976"},"modified":"2021-09-29T21:22:59","modified_gmt":"2021-09-30T01:22:59","slug":"qnt-breakout-setup","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/qnt-breakout-setup\/","title":{"rendered":"Why Quant May Soon Break Out to Fresh All-time Highs ($QNT)"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/QNTlogo.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/QNTlogo.png\" alt=\"\" width=\"728\" height=\"644\" title=\"\"><\/a><\/figure><\/div>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">TABLE OF CONTENTS<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/morpheustrading.com\/blog\/qnt-breakout-setup\/#Leading_cryptocurrency_Quant_QNT_is_now_poised_for_potential_breakout_from_a_bullish_pennant_pattern_Here_is_a_simple_chart_walk-through_that_shows_you_why_QNT_may_be_one_of_the_top_crypto_swing_trade_setups_in_the_market_now\" >Leading cryptocurrency Quant ($QNT) is now poised for potential breakout from a bullish pennant pattern. Here is a simple chart walk-through that shows you why $QNT may be one of the top crypto swing trade setups in the market now!<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/morpheustrading.com\/blog\/qnt-breakout-setup\/#Quant_rallies_to_75_in_model_portfolio\" >Quant rallies to +75% in model portfolio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/morpheustrading.com\/blog\/qnt-breakout-setup\/#QNT_Buy_Setup_Breakout_entry_walk-through\" >$QNT Buy Setup: Breakout entry walk-through<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/morpheustrading.com\/blog\/qnt-breakout-setup\/#Buy_Entry\" >Buy Entry<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Leading_cryptocurrency_Quant_QNT_is_now_poised_for_potential_breakout_from_a_bullish_pennant_pattern_Here_is_a_simple_chart_walk-through_that_shows_you_why_QNT_may_be_one_of_the_top_crypto_swing_trade_setups_in_the_market_now\"><\/span>Leading cryptocurrency Quant ($QNT) is now poised for potential breakout from a bullish pennant pattern. Here is a simple chart walk-through that shows you why $QNT may be one of the top crypto swing trade setups in the market now!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>On September 23, we sold $QNT in the Model Crypto Portfolio for a<strong> quick gain of +13.5% on a 3-day crypto swing trade.<\/strong><\/p>\n\n\n\n<p>Now, Quant is once again setting up for a lower-risk buy entry on a pullback to major area of key price support.<\/p>\n\n\n\n<p><em>Continue reading <\/em>for a quick walk-through of the crypto swing trade setup, then get ready to profit from a potentially massive breakout to fresh all-time highs in $QNT.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Quant_rallies_to_75_in_model_portfolio\"><\/span>Quant rallies to +75% in model portfolio<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On August 8, we first alerted <em><a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">Morpheus Crypto<\/a><\/em> subscribers of our initial buy entry into $QNT.<\/p>\n\n\n\n<p>The following week, we highlighted the bullish chart pattern of $QNT in our <a href=\"https:\/\/new.morpheustrading.com\/blog\/4-leading-cryptos\/\" target=\"_blank\" rel=\"noreferrer noopener\">August 16 post<\/a>, then analyzed Quant further in <em><a href=\"https:\/\/new.morpheustrading.com\/blog\/best-crypto-swing-trades-aug-2021\/\" target=\"_blank\" rel=\"noreferrer noopener\">3 Explosive Cryptos Setting Up for Potential Buy Entry Now<\/a><\/em> a few days later.<\/p>\n\n\n\n<p>$QNT has continued trending steadily higher since then, and is currently showing a price gain of +75% in the Model Crypto Portfolio.<\/p>\n\n\n\n<p>But separately from that position, <strong>$QNT is now setting up for potential pullback buy entry<\/strong> that could soon lead to a massive breakout.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"QNT_Buy_Setup_Breakout_entry_walk-through\"><\/span>$QNT Buy Setup: Breakout entry walk-through<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>$<\/strong>QNT<strong>&nbsp;<\/strong>has been chopping around in a range the past few days, <em>but <\/em>is now coming into a <strong>support area of&nbsp;triple price convergence.<\/strong><\/p>\n\n\n\n<p>On the daily chart of $QNT below, notice how the following three technical support levels all converge in the same area:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>50-day moving average (red line)<\/li><li>Dominant uptrend line<\/li><li>Support of prior swing lows<\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/QNT092921.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/QNT092921.png\" alt=\"\" width=\"728\" height=\"644\" title=\"\"><\/a><figcaption><em>Press to view full-sized image<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p>With this type of chart pattern, odds favor an upside breakout of the pennant.<\/p>\n\n\n\n<p>However, we would not be surprised to <em>first <\/em>see a quick undercut and shakeout below obvious support that swiftly snaps back.<\/p>\n\n\n\n<p>If $QNT breaks out to the upside, watch for higher volume to confirm the breakout.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Buy_Entry\"><\/span>Buy Entry<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>We are looking for a potential<strong> <\/strong>buy trigger price for swing trade entry above the $310 area.<\/p>\n\n\n\n<p>Specifically, we are looking for $QNT to break out above the downtrend line from its all-time highs:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/QNT2092921.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/QNT2092921.png\" alt=\"\" width=\"728\" height=\"644\" title=\"\"><\/a><figcaption><em>Press to view full-sized image<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p>A move above the $310 level would also put $QNT back above resistance of its 50-MA on the 4-hour chart&#8211;a useful indicator in our trading strategy.<\/p>\n\n\n\n<p>As always, we will instantly alert <a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>crypto subscribers<\/strong><\/a> of exact trade details if we re-enter $QNT in anticipation of another winning crypto swing trade.<\/p>\n\n\n\n<p><em>Remember to trade what you see, not what you think!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading cryptocurrency Quant ($QNT) is now poised for potential breakout from a bullish pennant pattern. Here is a simple chart walk-through that shows you why $QNT may be one of the top crypto swing trade setups in the market now! On September 23, we sold $QNT in the Model Crypto Portfolio for a quick gain [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[772],"tags":[],"class_list":["post-8976","post","type-post","status-publish","format-standard","hentry","category-crypto-trading-strategy"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/8976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=8976"}],"version-history":[{"count":14,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/8976\/revisions"}],"predecessor-version":[{"id":9144,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/8976\/revisions\/9144"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=8976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=8976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=8976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}