QNT investors getting troubled in a consolidation chart pattern
Quant token has been trading into the symmetrical triangle pattern for more than 5-weeks.
QNT token price is trading below the significant moving averages (including 20,50,100, and 200 MAs) over the daily price chart.
Stoch RSI is reflecting a low-high formation on the daily price chart and the indicator is about to move into an overbought area. When writing, the value of K is at the 15-digit and the value of D is at the 29-digit. Stoch RSI may spend some time near its lowest level before bounce-back.
The Average Directional Index (ADX) is gradually declining, so the ADX peak is at 9-point, which suggests excessive sideways momentum for the QNT token.
The Quant token is looking sideways and there is no directional trend as long as the price is present in a symmetrical triangle pattern. Possibly the token breaks above the lower trend line of the triangle pattern.
Support level - $100 and $85
Resistance level - $160 and $200
QNT token price is trading below the significant moving averages (including 20,50,100, and 200 MAs) over the daily price chart.
Stoch RSI is reflecting a low-high formation on the daily price chart and the indicator is about to move into an overbought area. When writing, the value of K is at the 15-digit and the value of D is at the 29-digit. Stoch RSI may spend some time near its lowest level before bounce-back.
The Average Directional Index (ADX) is gradually declining, so the ADX peak is at 9-point, which suggests excessive sideways momentum for the QNT token.
The Quant token is looking sideways and there is no directional trend as long as the price is present in a symmetrical triangle pattern. Possibly the token breaks above the lower trend line of the triangle pattern.
Support level - $100 and $85
Resistance level - $160 and $200