Inverse parabola on QNT/USD
1) RSI forming descending wedge
2) anticipating CMF to cross zero line
3) price being squeezed into an inverse parabola
We should see a relief rally soon.
1) RSI forming descending wedge
2) anticipating CMF to cross zero line
3) price being squeezed into an inverse parabola
We should see a relief rally soon.
Kommentera:
Looks like a successful "breakout" and retest. In this case it's just a break of the parabola, which to me, signals a bottom.
Kommentera:
Here's a similar setup on BTC - It's possible we may double bottom. Note the divergence after this pattern, the breakout, and double bottom. Something similar could play out on QNT, OR we could just make a higher low and recover.
Kommentera:
a break of the RSI resistance (blue line) will be my final confirmation:
Kommentera:
Kommentera:
