Thread by @rektcapital

$QNT #quant #qnt

Negative Price Discovery

The blue diagonal resistance has been a point of rejection for QNT since mid-Feb '18

There are two ways QNT could end its downtrend:

a) Breaching this blue diagonal

b) Showing strong market reaction at any of the green supports

$BTC

$QNT #quant #qnt

Epic +68% breakout 🔥

QNT has a tendency of offering short-lived upside wicks past the blue diagonal downtrending resistance, so a 1D close past this resistance is needed to confirm the end of the almost 4-month downtrend

$BTC

$QNT / $BTC, #quant #qnt

Following QNT's breakout past the multi-month downtrend line, it retraced fully for a double bottom rebound

Since then QNT has rallied almost 300%

QNT is now at its most significant resistance region to date, with a visible cluster of resistance ahead

$QNT / $BTC, #quant #qnt

Rejection from an area of resistance

QNT simply needs to stay above the black uptrend line to maintain the macro uptrend and avoid a deeper correction

$QNT / $BTC, #quant #qnt

QNT maintains the macro uptrend well with only a very shallow retrace upon rejection, successfully staying above the black uptrend line

A strong breakout past the local resistance area followed

$QNT / $BTC, #quant #qnt

Pullback after the breakout

QNT is now attempting to flip this previous supply zone into a region of demand

A successful flip would springboard QNT to higher price levels

$QNT / $BTC, #quant #qnt

Successful retest on the pullback ✅

QNT has rallied +20% since wicking towards the previous supply zone and successfully flipped it into a new demand zone

Buy interest clearly renewed here and QNT's price has since spring-boarded to higher levels

$QNT / $BTC, #quant #qnt

QNT once again pulls back to the green area for yet another successful retest

This time QNT produces a clear Morning Star reversal candlestick formation and flash pumps +53% to the upside, to a price level that has seen such wicking activity in the past

$QNT / $BTC, #quant #qnt

Strong retrace after that last 50%+ pump

Latest bounce shows:

a) QNT is still respecting the black 1.5 month-long uptrend line,

b) There is still some demand in this green demand area

Losing both uptrend line & demand area = stronger retrace for QNT

$QNT / $BTC, #quant #qnt

+13% rebound

Plenty of volatility at the confluent region of the 1.5 month-long uptrend line and green demand area

Currently at resistance. Breaking past the top of the green box would unlock further upside

#Crypto

$QNT / $BTC, #quant #qnt

+15%

Still going, slowly but surely trying to breach the top of the box resistance to unlock further upside

#Crypto