QNT is currently experiencing a correction, reaching the immediate support area, potentially acting as a weak demand zone. Within this zone, the price has completed the initial ABC correction, signaling a likelihood of an upward movement for another ABC pattern formation towards the Internal Supply area.
The upcoming price reaction within this zone is crucial; a breakout could reignite the bullish trend continuation. However, if the Internal Supply Area proves to be formidable resistance, resulting in price rejection, there's a possibility of breaking the previous low established in the weak demand zone. This could lead to a direct movement towards the External Demand area, representing a significant phase for bullish accumulation.
The trajectory, outlined on the chart, indicates targets towards the mid term target and External Supply area. It's essential to trade cautiously, implementing appropriate stop-loss strategies when necessary.
Comments are welcomed, and your support in boosting this analysis is highly appreciated.
Thank you for your engagement and participation in the discussion.
The upcoming price reaction within this zone is crucial; a breakout could reignite the bullish trend continuation. However, if the Internal Supply Area proves to be formidable resistance, resulting in price rejection, there's a possibility of breaking the previous low established in the weak demand zone. This could lead to a direct movement towards the External Demand area, representing a significant phase for bullish accumulation.
The trajectory, outlined on the chart, indicates targets towards the mid term target and External Supply area. It's essential to trade cautiously, implementing appropriate stop-loss strategies when necessary.
Comments are welcomed, and your support in boosting this analysis is highly appreciated.
Thank you for your engagement and participation in the discussion.
Trade active
Trade active
Qnt has successfully completed the immediate move as indicated on the main chart in the form of an ABC pattern, with the price reaching the upper boundary of our internal supply area. We anticipate a correction at this level. While we initially expected a new ABC pattern to initiate a downward movement based on the main chart, the current market conditions have led us to disregard this and instead focus on the potential upward momentum stemming from the hidden ADAM and EVE pattern that we have recently identified.
Trade active
Trade active
Note
Going as expectedNote
Focus more on the weak support area for re-accumulation opportunityNote
Focus on the buy back zone for immediate accumulation.Note
still expecting price to respect the immediate demand area.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
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.