QNT is signaling a re-accrual zone on the 4-hour frame, with a sideway zone only about 5% and the volume rising every time the price returns to the support zone below $100. Currently, there are 2 cases:
1 is a stronger pump right after completing the accumulation with a high volume and the price breaks out of the sideway with a mazubozu candle. In this case, the entry will be in the $101 price zone or buy immediately after the break out and stop-loss candle below $95.
Case 2 is that there will be a shake-out below the accumulation zone (below $95) with a large volume and then immediately the price turns back up. However, from a personal point of view, the previous return to $95 was already a shake-out. Entry if this happens will still be above $100 when the price returns to the uptrend with the HH - HL structure in smaller timeframes.
1 is a stronger pump right after completing the accumulation with a high volume and the price breaks out of the sideway with a mazubozu candle. In this case, the entry will be in the $101 price zone or buy immediately after the break out and stop-loss candle below $95.
Case 2 is that there will be a shake-out below the accumulation zone (below $95) with a large volume and then immediately the price turns back up. However, from a personal point of view, the previous return to $95 was already a shake-out. Entry if this happens will still be above $100 when the price returns to the uptrend with the HH - HL structure in smaller timeframes.
Trade active:
Plan 1!
If the price can break the old top around $108, the bull will run to at least $130. Here is a strong resistance in 1D timeframe.
If the price can break the old top around $108, the bull will run to at least $130. Here is a strong resistance in 1D timeframe.