TA in Traditional Markets since 2003, Digital Assets since 2017, Precious Metals, Sound Money Maxi, Long Convexity.
Oct 10, 2022 • 9 tweets • 5 min read
1/
#QNT upper channel (green) and $155 horizontal resistance was always going to be a fight, as described in previous threads. With the 5 wave Elliott Impulse wave formed off the $86 (2/B) low, we’d expect a pullback first before the upward trend resumes. Where to ... 2/
If a #QNT pullback is happening now, a 38%-50% downward retracement ($126-$136) would be common in a strong upward trend (target X) left Fib, which also coincides with strong $134 horizontal support and lower channel support (red).
QNTUSD 4H chart has a major level of resistance to get through, green circles ($110), a closing break would be bullish.
Close below red = bearish
Sitting currently between two NB levels, so in limbo for now, look for a breakout 2/
QNTBTC Daily chart broke up through 0.0052 resistance (green circles) and that level has become support = bullish
Aug 2, 2022 • 6 tweets • 4 min read
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 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.
