Well, it looks like we've got a large head and shoulder pattern forming on the daily chart of Quant / Euro. It's going to take a month or more to see this form but if it does we're looking at a very healthy 50% reduction in market price.
Combine this information with a strong Sell signal from Crypto Tipster v2, and things could be looking like a downward trend...
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!
Hello everyone,
Regarding the lately moves of the Quant, I ad to take a look also, considering that I've researched it in the past also: Check Related Ides below.
Fibb retracement can get us down to ~$94 zone in a decent scenario.
The minimum reachable for medium term would be $57.
Thank you for your time,
St.Gex
