🔍 Technical analysis: Price compression within a consolidation - 1D
📣
QNTUSDT On the daily timeframe, it has encountered a corrective structure after a rise to the $171 area.
🟢 It is currently in a consolidation.
💎 If it can consolidate the consolidation with a broken zigzag correction above the $100 area, it will be able to reach the supply zone.
⚠️ However, if the OB area breaks and consolidates below it, a complex composite zigzag correction will occur, which can extend this correction to the green box. ⚠️
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📣
QNTUSDT On the daily timeframe, it has encountered a corrective structure after a rise to the $171 area.🟢 It is currently in a consolidation.
💎 If it can consolidate the consolidation with a broken zigzag correction above the $100 area, it will be able to reach the supply zone.
⚠️ However, if the OB area breaks and consolidates below it, a complex composite zigzag correction will occur, which can extend this correction to the green box. ⚠️
»»»«««»»»«««»»»«««
Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future.
Thanks for your continued support.🙏
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
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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.