⚪ $QNT: A BIG BOUNCE INSIDE A BIGGER SQUEEZE
$QNT is rebounding from its rising support line, but price remains inside the multi-year triangle. The descending trendline is the next major test.
A weekly breakout and successful retest would strengthen the case for $135.75, followed by $171.17.
My drawn scenario allows that recovery before a potential rejection. A sustained break above $171.17 would challenge that bearish second leg and bring $227.57 into focus.
Lose the rising support near $60–$65 instead, and the recovery setup weakens.
The weekly candle is still open. The projected path is conditional, not a timetable.
Nothing is guaranteed. Do Your Own Research.
$QNT is rebounding from its rising support line, but price remains inside the multi-year triangle. The descending trendline is the next major test.
A weekly breakout and successful retest would strengthen the case for $135.75, followed by $171.17.
My drawn scenario allows that recovery before a potential rejection. A sustained break above $171.17 would challenge that bearish second leg and bring $227.57 into focus.
Lose the rising support near $60–$65 instead, and the recovery setup weakens.
The weekly candle is still open. The projected path is conditional, not a timetable.
Nothing is guaranteed. Do Your Own Research.