QNT is approaching a breakout zoneThe price is respecting an ascending trendline while also moving toward a key resistance level near $118. If QNT breaks above this resistance, it could open the path toward the $125–$135 range. Until then, the structure is compressing between the diagonal support and descending resistance.
A retest of the $114–$116 zone might act as a launchpad. But if QNT breaks below the trendline, downside risk could increase toward $104.
For now, price action is leaning bullish as long as higher lows continue to form.
DYOR, NFA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.