Long

QNT/USD inverse parabola

Updated

Inverse parabola on QNT/USD

1) RSI forming descending wedge
2) anticipating CMF to cross zero line
3) price being squeezed into an inverse parabola

We should see a relief rally soon.

Note

Looks like a successful "breakout" and retest. In this case it's just a break of the parabola, which to me, signals a bottom.

Note

Here's a similar setup on BTC - It's possible we may double bottom. Note the divergence after this pattern, the breakout, and double bottom. Something similar could play out on QNT, OR we could just make a higher low and recover.

Note

a break of the RSI resistance (blue line) will be my final confirmation:

Note

rremoved

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