QuantLong
a sudden surge in buying created a liquidity wick
After reaching a peak of $150 in the first quarter of 2024, Quant's price fell sharply, dropping to $50 by August 5th.
However, on the same day, a sudden surge in buying created a liquidity wick, pushing the price up in the last month of the third quarter and resulting in a breakout from a long-term falling wedge pattern.
This week's and intraday performance have been particularly strong. The daily QNT price chart reveals a double bottom pattern around the $60 horizontal support area. In the short term, the price appears to be accelerating towards $91.
If the bullish momentum continues, it could break through the dynamic trendline and potentially reach $150 by the end of October.
However, on the same day, a sudden surge in buying created a liquidity wick, pushing the price up in the last month of the third quarter and resulting in a breakout from a long-term falling wedge pattern.
This week's and intraday performance have been particularly strong. The daily QNT price chart reveals a double bottom pattern around the $60 horizontal support area. In the short term, the price appears to be accelerating towards $91.
If the bullish momentum continues, it could break through the dynamic trendline and potentially reach $150 by the end of October.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.