QNT break-out

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QNT has been risen quite fast since touching the demand area on 14th November. It's just broken the descending channel with a good volumed candlestick (in 4H TF).

RSI had also broken the trendline.

On-chain indicators (on Glassnode) have shown the number of new buyers increased quite fast to catch the dip (on 14th November). The total adresses jump 12% since then.

In my opinion, QNT prices would revisit the supply area. Before reaching this level, a big resistance is the EMA 50D.

٢٨ نوفمبر ٢٠٢٢

تم إغلاق الصفقة يدويًا

I close this trade because QNT fails to retest the trendline.