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QNT

QNT could also be breaking upward from a monthly bearflagQuant has been hitting multiple double bottom breakout targets in a row on the daily time frame (not shown here) which has taken price action up and above a channel (in red) that I have also been watching on the daily chart. It was after I noticed Gala appeared to be breaking up from a bear flag on its weekly chart that made me decide to flip my qnt chart to the weekly time frame as well, and sure enough, the channel was attached to a long bear pole on the weekly chart making it also a bear flag. If it does break up from the flag the breakout target takes price back up to this blue inv h&s neckline and would then complete the right shoulder…which is the price movement I’ve been anticipating ever since we reversed trend back to the upside, so this measured move target from the flag leading directly back to the neckline makes a lot of sense and adds good bullish confluence….you can see I also have another little dotted green line going slightly higher than the one I put the price tag on. The slightly higher one was when I included the wick in the length of the flagpole and the one closer to the neckline is without including the wick…hard to say which one is more valid as of now. *not financial advice*
COINBASE:QNTUSD
by DrDovetail
1
Quant ABC to POCAfter a sustained rise, a small bearish divergence seems to be on the rise to bring some cooling down. This along with the ABC I have in there could bring the price to the current point of control (taken over the major uptrend). In case the Bulls have a taste for it and push through to break the resistance line of the triangle of the bigger picture it is important to gain that level to set their sights on the #ATH. Note if a level like $94.3 is broken then a new Low will be made which will be a bearish signal and may result in a decline towards the $63 ~ $7 be free to leave a comment
by Tims.Technische.Analyse.
6
QNTUSDT - Short - Broadening WedgeQNT is currently forming an ascending broadening wedge pattern on daily timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line is the resistance line and the lower line is the support line. As we can see in the chart that it´s moves increase with higher magnitudes. This pattern should be traded when the price breaks out of the support line. Looking at the pattern combined with the three indicators we can conclude it´s currently in an overbought condition. So it´s likely for the price to retrace. The three indicators are Bollinger Bands, RSI 14 and Stochastic. In our opinion it´s more likely for the price to retrace and pump once more before it breaks out of the support line. So for now Target 1 in prioritized. Before targeting the other two targets we have to wait what happens after Target 1! All the details are shown on the chart. Goodluck!
Short
by vf_investment
9