Quantum Blockchain Technologies Price: QBT Stays in Ranges, Building a Support

PUBLISHED: 24 May 2025 @ 10:53 | Comments (0) | More info about Azeez Mustapha

There has been a degree of lower highs prevalence in the business exchange activities of Quantum Blockchain Technologies Plc (LSE:QBT), just as the stock market’s financial situation stays in ranges, building a support at a close spot of 0.5 underlying support.

The formation pattern of the candlesticks in compliance with the positioning postures of the oscillating tools suggests that the Quantum Blockchain Technologies PLC shares offering company is on a baseline that warrants ideal commencement of position staking for patient investors targeting strategic long entries.

Resistance Levels: 1, 1.25, 1.5
Support Levels: 0.5, 0.4, 0.3

Given current indicator setups, do bears still have viable shorting opportunities as QBT Plc enters a lower-range phase?

Shorting or opening of fresh sell orders around the moving averages might not be the best option for trading in the Quantum Blockchain Technologies Plc as of this time, given that the stock market stays in ranges, building a support at a near zone of 0.5.

The current stance of the stochastic oscillators near the overbought zone indicates a possible slowdown in buyer momentum, suggesting a period of consolidation before a decisive move above the moving averages. Meanwhile, the 15-day EMA is gradually turning upward beneath the 50-day EMA, signaling the early stages of a potential bullish crossover and trend reversal setup.

Learn from market wizards: Books to take your trading to the next

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @ItuGlobal

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.