1/
What #QNT price action has done in the past and what it could do in the future. A 6 part thread.
Here's a recap. Daily Log chart since price began. Major upside move (green), it's downside correction (red). Orange blocks are the % retracement each time
What #QNT price action has done in the past and what it could do in the future. A 6 part thread.
Here's a recap. Daily Log chart since price began. Major upside move (green), it's downside correction (red). Orange blocks are the % retracement each time
2/
So far #QNT had 6 major upside moves and subsequent corrections. Downside over the last 8 months is nothing special, >78% retracement using a fib like bottom right. 78% or more is what it's done 4 out of the total 6 major corrections.
What could the price do going forward ?
So far #QNT had 6 major upside moves and subsequent corrections. Downside over the last 8 months is nothing special, >78% retracement using a fib like bottom right. 78% or more is what it's done 4 out of the total 6 major corrections.
What could the price do going forward ?
3/
Zooming into block 6, let's assume #QNT's 2021's rally from $23 in May to $438 in Sep was solely due to speculative buying as no known purchasing of licences occured back then, so no major institutional utility involved in that rally that I'm aware of.
Zooming into block 6, let's assume #QNT's 2021's rally from $23 in May to $438 in Sep was solely due to speculative buying as no known purchasing of licences occured back then, so no major institutional utility involved in that rally that I'm aware of.
4/
So a #QNT rally equal in magnitude to last year, simply from retail FOMO again, then off the $37 low in June 22, the upside target X is $687, and don't forget the whole of last years move occured in 3.5 months. That's what is possible when the time is right, but there's more..
So a #QNT rally equal in magnitude to last year, simply from retail FOMO again, then off the $37 low in June 22, the upside target X is $687, and don't forget the whole of last years move occured in 3.5 months. That's what is possible when the time is right, but there's more..
5/
Recently strange #QNT wallet behavior shows possible institutional utility. What happens to price when retail FOMO and institutional utility/lockup's occur together in a low fixed supply token ?
Recently strange #QNT wallet behavior shows possible institutional utility. What happens to price when retail FOMO and institutional utility/lockup's occur together in a low fixed supply token ?
6/
Looking at this run off the June $37 lows compared to #QNT's rally last year (green circles), the similarities are clear. Will it do the same again, who knows, but if retail FOMO and institutional utility occur together, price action is likely to be something unprecedented
Looking at this run off the June $37 lows compared to #QNT's rally last year (green circles), the similarities are clear. Will it do the same again, who knows, but if retail FOMO and institutional utility occur together, price action is likely to be something unprecedented
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