QNT not done to downside yet? at 125.?I do think the choppy rides are not done yet we may see today the further slide as the big financial markets slide in lower price action correction.
I could see easily a 118-119 price action dip an if it slides lower possibly even down as low as $80 dollars I will accumulate more at the 119 level an then more at 100 or lower.
QNTUSD trade ideas
QNT on verge of a breakout? short term bullishkey indicators are very bullish today on QNT ,Look for it to break out of its current tgrading sideway pattern 3 straight candles on the four hour charts,would say break out is iminent soon.If BTC keeps is upwards posture we could see break towards technical targets of 175-200 range then hit rejection an bounce back down to moving averages. Keep an eye open today for this to happen.If not then a reversal is still possible to a double bottom around $150-157 price action.?
QNT holding 172 & wants to breakout Down channelQNT has been strongly staying above 172 the midpoint of the green trading range box.
Bearish scenario: if 172 breaks down & QNT enters the red warning box. Then a double bottom is possible at the red rectangle base 138-152 zone.
Bullish scenario: If QNT breaks above the green box around 200 level which should confirm the end of the abc correction & a new wave 1 will start.
Money Flow Index is still red but Wolfpack is green & Stoich Rsi is turning up.
QNT in correction mode 1/We see trend indicators a drop in price action an will likely see a double bottom test of 173/172 price action in short term,We are still in target of the target of 250+ range medium term an long range of a 5X target price in this project .Retail is getting bullied by whales price action activity an everything should be good over longer term.
QNT will soon begin a new cycle after completing ABC downAfter a 72% crash from Sept 2021, I think the Elliott wave ABC corrective phase has already completed.& a new 5 wave cycle may soon start after current accumulation box.(pink box).
QNT is trying very hard to close a daily candle above 187 for several days.
Aggressive entry is to wait for breakout above 187, then 197.
Conservative entry is to hope for a retracement to 172 w/c should offer a much better risk to reward ratio.
This is only my personal analysis & not financial advice.
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#Quant #QNT at huge volume profile level - a coin with scarcityQuant at huge volume profile level - a coin with scarcity.
Hard to guess the direction in short-term... the ascending trendline may break the more often it is tested.
For a (re-)entry into the market a confirmed breakout of the red price trendline should at least be waited for.
What do you think? 😎
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*no financial advice
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