đ $QNT is showing a potential technical setup!
The 1-week chart for QNT/USDT on Bybit displays a multi-month consolidation and a developing accumulation structure with defined macro targets.
đ The Technical Setup:
⢠The Pattern: Macro Double Bottom / Accumulation Base
⢠Short-term Target: $93.52
⢠Macro Objective: $183.32
⢠Market Structure: Reversal / Accumulation
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: $46.44 - $70.66
⢠Resistance: $113.36
⢠Breakout Level: $75.00
⢠Stop Loss / Invalidation: $46.44
đ Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Bullish reaction forming off local lows
⢠Trend: Macro base building with higher low potential
â ď¸ Invalidation:
A decisive weekly close below the support line at $46.44 would invalidate this macro setup.
Patience is advised to wait for confirmed structural breaks above resistance before expecting major expansion.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#QNT #crypto #BinanceSquare #tradingview #TechnicalAnalysis
The 1-week chart for QNT/USDT on Bybit displays a multi-month consolidation and a developing accumulation structure with defined macro targets.
đ The Technical Setup:
⢠The Pattern: Macro Double Bottom / Accumulation Base
⢠Short-term Target: $93.52
⢠Macro Objective: $183.32
⢠Market Structure: Reversal / Accumulation
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: $46.44 - $70.66
⢠Resistance: $113.36
⢠Breakout Level: $75.00
⢠Stop Loss / Invalidation: $46.44
đ Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Bullish reaction forming off local lows
⢠Trend: Macro base building with higher low potential
â ď¸ Invalidation:
A decisive weekly close below the support line at $46.44 would invalidate this macro setup.
Patience is advised to wait for confirmed structural breaks above resistance before expecting major expansion.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#QNT #crypto #BinanceSquare #tradingview #TechnicalAnalysis
