Quant is a very good project with good fundamentals. Quant is pumping quite nicely and heading higher, but i think some correction is incoming. I think a healthy 60 percent correction is incoming because of the pattern. But after some correction i would buy some Quant. We also formed a double top which indicates a healthy drop to the area of 100 to 80 dollars.
The ascending mark was representing a take out profit for short interval while awaiting for another retest of the nearest resistance.
In other case this can be seen as great chance for a possible entry.
Always set stop loss in every position.
-Use risk management and be ready for all scenarios
-Don't forget likes and follow for more ideas and signals
-Best of wishes ✔🙏
#Qnt update- #Quant formed a head and shoulders pattern on the 1 hour Time frame.
Possible break to the downside expected, If it breaks to the downside, target will be $126.18 (-16%)
Bearish divergence seen on the one hour time frame.
this is for quant. it might go up. ot might go down. following the impulse rightnow... i drew some lines on my computer and i think that it will soon continue its its impulse to the $250 mark and then retracesignificantly. this is just for educational purposes
Technical analysis is not looking promising on $QNT currently. The extreme increase it has seen recently in price during a period of the market being extremely weak and the hype around it makes me believe it is the number one contender for a big dump imo. $QNT has reached the end of an Elliott impulse wave and has just established an AB of the counter trend wave....
QNT managed to break out its falling wedge pattern.
The retest will be at 51.590. Will most likely hit tp 1 from Fibonacci 1.272 and extension 100%.
Stop-loss is at the lowest swing of the falling wedge.
Entry at retest to reduce risk
