xtremerider8

QNT holding 172 & wants to breakout Down channel

BINANCE:QNTUSD   QNT / US Dollar (calculated by TradingView)
QNT 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.
Comment: Pls note that when 172 turns from resistance to support, it started the last BIG BULL RUN in Sept 2021. QNT holding above 172 may make another bull run possible.

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