I think there is a shoulder head and shoulder formation in qnt and there is a negative dissonance in volume in terms of tangent, there is also a bearish retest image of rsi. I am predicting a strong decline in the coming days.
Assuming that the decline in cryptos will deepen with the interest increase to be taken at the fed meeting this week, I think that if it sags under the yellow trend in qnt, a classic obo formation will occur. I think that the current chart reflects this.
After that long phase of correction.
Qnt shows Adam and Eve.
In my opinion we reached the bottom and
have a solid entry point from here.
Target for this pattern 198 atleast.
Stay safe out there.
I refuse to believe that QNT will nuke
It is a SOLID project.
What i think:-
I think this will happen, either fake out from here or down with a little deviation and double bottom then up.
Stop loss would be a little below these fake outs OR if it stayed there for very long, then get over it.
Dollar cost averaging here could make sense.
Cheers!
A follow up on my previous analyses on Quant (QNT) which became one of my favorite projects in crypto because of the importance of interoperability, its token economics and its team / network. I made a full analysis on August 6th explaining why I am mega bullish on this coin (link below) and now just over a month later we more than doubled in USD and ETH and about...
After more than 100 days of mostly bearish posts; I have finally turned bullish since the last 2 weeks! I have been wondering to put this out here already or keeping it for myself for little longer but you know, I'm a nice guy - sharing is caring! Now I am not a moonboy but a rather realistic investor and trader that doesn't like to lose money (I sold BTC at 64K )...
