QNT continues its Bullish Summer. Bittrex volume has increased significantly over the last month. A nice little potential Head & Shoulders (SHS) pullback is beginning to present itself on the higher timeframes above 4h. If price action continues to move down into the right neckline of said SHS, a rebound can be expected to rebound around the positive trend range zone of 72k satoshi's. We might see this range by July 10 if that is the case.
If you sold above 105k satoshi's, BRAVO! Catch your re-entry positions between 90k-72k satoshi's.
Likelihood of SHS right neckline formation is about 20%. 90k satoshi's is the key support level.
Note
So the SHS idea got smacked down. QNT is currently doing its own thing. Should easily see +165k satoshis by the end of July. Could just as easily see sub 65K satoshis before then also. 100k satoshis is still a critical sr range. Note
Trends change and so do ideas. The last time QNT spent any amount of time below its current trend, it was abut 10 hours and -7.5% below trend. Then it pumped almost 2x.We are now in the "15% chance to go sub 88k" scenario. This could see wicks to enter at the 75k range and 65k range. 65k is a very critical sr range. Lose 65k and its back to 45k.
Note
Sittin at 77k satsWe shall see 65k sats before you know it
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.