QNT/USDT what next bearish or bullish?? 👀Quant Today Analysis

18 בספט׳ 2023

💎 Paradisers, let's turn our attention to QNTUSDT, which is currently forming a descending triangle and appears poised for a downward breakdown👀

💎 Upon deep analysis, we find that the Point of Control (POC) in the volume profile is acting as a resistance level at 103.9. High volume at this point suggests increased selling pressure. If the price of #QNT fails to break below the $90 support level, a retest of this resistance is likely.

💎 Additionally, there's a Fair Value Gap (FVG) and inefficiency below. Should the current support level of $90 break, we can expect the price of #Quant to mitigate to that level and potentially initiate a bullish continuation from there.

💎 Both scenarios are plausible, so if you're planning to trade, it's advisable to wait for a clear setup.
Keep your charts updated and Stay one step ahead of the market 🌴