QNT - Will History Repeat itself?
Updated
Possible Bullish Divergence on MFI while Price is trending down. Trendline may hold, but if I'm not I expect something similar to the July pump.
Trade active
Continue to see similarities to current QNT market conditions and July 19-21 window prior to expansion. As of today, we've retested the 50 Day EMA for the first time since July 19-21. I'm not expecting a big wick down unless we close below the 50 Day EMA or BTC acts up. If that happens, then I think $240-$250 is back in the cards. However, I'd expect it to be bought back quickly. Perhaps I am seeing what I want to see, but a number of indicators lead me to believe that a reversal is forthcoming. If expansion is similar to prior patterns, then $700+ is on the table.
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