xtremerider8

QNT will soon begin a new cycle after completing ABC down

BINANCE:QNTUSD   QNT / US Dollar (calculated by TradingView)
After a 72% crash from Sept 2021, I think the Elliott wave ABC corrective phase has already completed.& a new 5 wave cycle may soon start after current accumulation box.(pink box).
QNT is trying very hard to close a daily candle above 187 for several days.
Aggressive entry is to wait for breakout above 187, then 197.
Conservative entry is to hope for a retracement to 172 w/c should offer a much better risk to reward ratio.
This is only my personal analysis & not financial advice.
Pls comment, like & follow.

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