✴️ Predicting Quants Next Major Move | Up!

We are going to make a prediction for Quant (QNTUSDT) based on what the chart is currently saying.
We will read the signals and reach a conclusion based on our interpretations of those signals; Is Quant bullish or bearish? What's the current bias and trend?

QNTUSDT moved down after a peak in 2021 to hit a low June 2022.
This low marks the end/bottom of the bearish move.

From June through October 2022 Quant goes bullish and produces a 468% bullish wave.
An entire year of a long drawn-out correction later takes place, from October 2022 through October 2023.

Q: How we do know that Quant is bullish right now?
A: There are no new lows.

After an entire year of moving lower, QNTUSDT still trades at a strong higher low compared to June 2022. This is telling us that the market is bullish since this correction is part of the initial bullish wave.

Once the correction is over, the main move should resume and thus our conclusion that Quant is set to go up.

In October 2023 QNTUSDT produces two strong candles to move and close weekly above EMA21 and EMA10.
It has been consolidating sideways above these levels for three weeks now, it can resume growing anytime. The next major move is up, according to this chart.

Note: This analysis remains valid as long as QNTUSDT trades above its June 2022 low.
If the correction is extended and QNTUSDT drops below its October 2023 low, this would not invalidate the bullish bias and an even stronger bullish impulse is expected once the extended correction ends.

Namaste.

Kommentera:

So far we see 43% growth but this is only a small taste of what is coming.
Remember that retraces and corrections come show up unannounced. These are projected to be mild ending in a higher low.