QNT break-out
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.
Trade closed manually
I close this trade because QNT fails to retest the trendline.
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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.