Quant continuing to pump; nearing a golden cross.
Updated
Quant seems to be leading the market. Continuing to pump before the other cryptos and making its way towards a potential new inverse head and shoulder neckline. Of course it doesn’t have to find resistance at this neckline, but there is good probability it will…if so it should give us a great idea of where it’s next measured move will be once it breaks above the neckline. Also vastly approaching a golden cross here. Will be interesting to see where it’s price action goes in the next couple weeks but as of now I think I can safetly predict that it will at the very least reach this white line. *not financial advice*
Note
If it does meet resistance at the white line instead of just continuing above it, then I’m guessing the breakout target from the inverse h&s will be around 220-225 whenever it finally breaks above. Of course I wouldn’t be completely sure of this happening until we got clear confirmation of the breakout. If price actions just continues above the white line without resistance then this will be nullified.Note
And just like that quant is already testing the white neckline.Note
Quant has broken well above this neckline. I think its safe to say it has validated the breakout however there is still a chance it could attempt to come all the way back down to retest it before hitting the full target. Also a chance that it just keeps pumping until reaching the target.Note
Hit 225 exactly before starting to correct now!
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.