QNT price action micro adjustment down bulltrap?after a 28% price action rise this past week we will see a micro adjustment down as whales take some profits look for 111 price action if support does not hold look to 106-$102 price
this project is starting to garner some attention in crypto markets by savy investors it is pretty tightly held hence we see fluctuations in price action.
QNTUSD trade ideas
QNT ending ABC & a new cycle will start AFTER THISQNT just made a 9% move & may BO of cloud very soon. It is impt to WAIT for it to break above the green dma 50 & turn it into support. As you see in the chart, this green line has been rejecting QNT for a long long time. Breaking that will mean a change in character.
Not trading advice
QNT bullish reversal patterns showing up on Alt coins ?indicators are showing consistant trending movement in a more bullish direction. Is this setting up for a bull trap ? Perhaps maybe not .
Price action looks good short term targets are out in 121+ however could see a dip to around 104-102 range before onward momentum upwards to price targets 133 short term
QNT has continued to follow BTC lead in price action declinesLead indicators are still bullish for this project an will continiue on short term 24-48 hours choppy action downward.The trading houses are closed for weekend an retail holds the fort .
Look to a price dip an retest the 82-85 an a push down on 4 hour to around 95 should see good buy opportunities again today as BTC is almost done on its correction.
this is healthy correction before we see reversal this bodes well for continuation of BTC bull run season,before moving on with ALT coin season this effect could extend out another 4-6 weeks.
QNT not done to downside yet? at 125.?I do think the choppy rides are not done yet we may see today the further slide as the big financial markets slide in lower price action correction.
I could see easily a 118-119 price action dip an if it slides lower possibly even down as low as $80 dollars I will accumulate more at the 119 level an then more at 100 or lower.
QNT on verge of a breakout? short term bullishkey indicators are very bullish today on QNT ,Look for it to break out of its current tgrading sideway pattern 3 straight candles on the four hour charts,would say break out is iminent soon.If BTC keeps is upwards posture we could see break towards technical targets of 175-200 range then hit rejection an bounce back down to moving averages. Keep an eye open today for this to happen.If not then a reversal is still possible to a double bottom around $150-157 price action.?
QNT holding 172 & wants to breakout Down channelQNT has been strongly staying above 172 the midpoint of the green trading range box.
Bearish scenario: if 172 breaks down & QNT enters the red warning box. Then a double bottom is possible at the red rectangle base 138-152 zone.
Bullish scenario: If QNT breaks above the green box around 200 level which should confirm the end of the abc correction & a new wave 1 will start.
Money Flow Index is still red but Wolfpack is green & Stoich Rsi is turning up.
QNT in correction mode 1/We see trend indicators a drop in price action an will likely see a double bottom test of 173/172 price action in short term,We are still in target of the target of 250+ range medium term an long range of a 5X target price in this project .Retail is getting bullied by whales price action activity an everything should be good over longer term.