Quantum Blockchain Technologies Price: QBT Pushes Upward, Holding Hikes

PUBLISHED: 21 Jan 2025 @ 02:42 | Comments (0) | More info about Azeez Mustapha

The market lines between 1.5 and 1.25 are expected to be the spots that bulls in the exchange of Quantum Blockchain Technologies Plc (LSE:QBT) won’t allow to be breached southward, as the stock company pushes upward, holding hikes in inputs.

The shareholders will probably continue to support their positions by preventing the upward momentum from being depreciated in the near future, as the existing financial situation is predicting over the next few sessions. Some overhead barriers above its present higher trading line will be pushed past in the next turbulent operations if that is the accurate supposition.

Resistance Levels: 3, 3.5, 4
Support Levels: 1.25, 1, 0.75

What is the most important support point to watch out for if QBT Plc investors are going to hold steadily alongside the bullish candlestick?

The most critical underlying support point has been observed at 1.25 in the wake of seeing the Quantum Blockchain Technologies Plc shareholders trading safely above the moving averages, as the price currently pushes upward, holding hikes in inputs.

A long candlestick has formed and broken through resistances that are much above the moving averages. From the 50-day EMA indication, the 15-day EMA indicator has made a small northward crossover. Additionally, they are located just below the line of 1. The market is going into an upward consolidation, as indicated by the stochastic oscillators’ placement in the overbought area.

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 Plc. ADVFN Plc 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.