Quantum Blockchain Technologies Price: QBT Sees a Downward Gap, Holding a Rise

PUBLISHED: 27 Jan 2025 @ 05:02 | Comments (0) | More info about Azeez Mustapha

There has been a practical loss of momentum initially around 1.5, leading to a downward gap in the operations of Quantum Blockchain Technologies Plc (LSE:QBT), holding a rise at the buy signal side of the smaller moving average.

As of this writing, the crucial underlying support is located around the value of 0.75, as shown by the positional combination of the moving average indicators. Long-term position pushers will be in excellent condition to regain the best catalysts to push back up to the north side, as seen by the current situation.

Resistance Levels: 1.75, 2, 2.25
Support Levels: 0.75, 0.5, 0.25

Now that the stock of QBT Plc is trading at about 1.245, what are the positioning technical stances of the oscillators and the candlestick?

Our sentiment as regards pushing for upward movements is now tending to gain momentum around the trend lines of the moving averages, given that the Quantum Blockchain Technologies Plc shares see a downward gap, holding a rise.

The market is in a transitional phase, with the 15-day EMA above the 50-day EMA signaling short-term bullish potential. However, the stochastic oscillators’ current southbound movement suggests caution, as there may be a brief pullback or consolidation before any sustained upward movement. Traders should look for confirmation from the stochastic oscillators (a clear upward shift from 40), and price action tending to stay firmly through the key resistance level at 1.5 might lead to determining the next significant move. Conversely, a break below the point of 1 could signal increased bearish pressure if bulls hold back in the long run.

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