Crypto Contest February 26: Quant

Quant (Bittrex: QNTBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Quant began a wave one advance on January 30. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 14, and the red wave two (blue sub-waves a-b-c) correction ended on February 24. If this wave count is correct, Quant should be heading next towards the February 14 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

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About the author: Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.