ðĨ QNT Further Consolidation Expected
A couple of days ago I made an analysis on QNT where I expected the price to drop towards the $160 area. After reaching said area, we got an expected bounce.
In my view, QNT will move up another 10-20% from here, after it will reverse again. With BTC trading unstable, the most likely scenario would be a phase of consolidation, followed by a drop.
As mentioned in my previous post, I think that QNT has most likely topped. The massive volume spike from a couple of days ago is a key reversal indicator for me.
Where QNT will top is still unsure. The yellow dotted line is just an indication of a possible resistance. Time will tell where QNT will reverse exactly.
In my view, QNT will move up another 10-20% from here, after it will reverse again. With BTC trading unstable, the most likely scenario would be a phase of consolidation, followed by a drop.
As mentioned in my previous post, I think that QNT has most likely topped. The massive volume spike from a couple of days ago is a key reversal indicator for me.
Where QNT will top is still unsure. The yellow dotted line is just an indication of a possible resistance. Time will tell where QNT will reverse exactly.
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