Observe the head and shoulders pattern, and waiting for a breakout on the QNT/ADA chart.
Potential long trade, once break out above the dotted line as shown.
Orange arrow indicates the measured move target.
Potential long trade, once break out above the dotted line as shown.
Orange arrow indicates the measured move target.
Note
Typo: *inverse head-and-shoulderNote
Patience is key.Still waiting for a potential breakout.
Note
Note: A drop below the thick orange 200 daily SMA will signal a further bearish price movement ahead instead.Note
The golden pocket: Expected level to consider DCAing into if QNT/ADA falls below the 50% Fib retracement interval and then the 200 daily SMA, for the contrarian scenario.
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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.