Hi there all. I don't want to go into detail on our previous analysis since the ones know, know.
If you would like to go through our previous analysis please you can see here.
I would like to put you through the weekly time frame update once again on QNT.
As highlighted below, we made a great prediction of Green Wave from start to finish. This Wave based on the current indicator seems B Wave of Wave 2 (ABC: 1 red down - 1 green up - 1 Final Down)
I can hear you folks, OH Damn!, are we going down again?
Well currently, in the smaller time frames Quant is expected to proceed to $166 in a couple of weeks; but it MUST break the $250 level first.
We can expect a reversal around $166 towards $95 first (which is the middle blue line) then $45 levels. With the $45 level, it is expected to finalize the double tap re-test.
This scenario is based on the Elliott Wave theory Principle
Remember: Our first pre-requisite is $250 and then $430 for us to talk about Quant proceeding Wave 3.
1. Wave 3 & Current QNT Update in Weekly Time Frame
Wave 3 expectation is going to be solid rock above $430 targeting $2,630. Let's check out the Wave Trend Indicator in the weekly time frame
As seen below, the indicator has a red indication due to the corrective Wave 2 action Wave C.
Quant as we expected made a move from $40s towards $220+ levels where we call this move corrective Wave B. We can see up and downs between $166 - $100 within the upcoming weeks. However, QNT will finalize the corrective action. We need to understand correction is over when we see $250 - $450 levels to talk the correction is over and that QNT is on its way towards $2k.
I like QNT since it is also under ISO20022 capability and it is expected to be one of the greatest assets in the current crypto market in near future.
As always, I'd like to point out that none of the targets represented on defenddark.net and defenddark.com is financial advice. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.