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QNTUSDT Entered a new Bull Cycle

Long
KUCOIN:QNTUSDT   Quant / Tether
It's been quite some time ago that Quant (QNTUSDT) gave the first bullish break-out signals as we highlighted on our analysis on July 09:


As you see, the signal was the break above the 1D MA200 (orange trend-line) and we've clearly set a mark that a new Bull Cycle would start when the price would break above its (then) 6-month Resistance Zone. That has been emphatically achieved last week and Quant is on a strong Bullish Fractal targeting the 236.235 December 12 2021 High. With the 1D RSI approaching the top of its 2022 Channel Up, a pull-back afterwards wouldn't come as a surprise but from now on the benchmark Support will be the 1D MA50 (blue trend-line). All Highs, including the All Time High can be targeted after this.




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