Tims.Technische.Analyse.

Quant QNTUSDT BINANCE Falling wedge but..

BINANCE:QNTUSDT   QNT / TetherUS
Last time a Descending Broadening Wedge which broke out but after the breakout the volume was nowhere to be seen, in fact the volume even decreased/decreased and almost falls into a slight falling wedge.
Zooming out on the chart I come across something that looks like 3 mountains (HH - HH - LH).
In general, 3 of those mountains are mostly Bearish and keep an eye on the bottom if the Bears want to push the price even more, I will keep the $300 as next support for the time being. But if the Bulls check current support closely, there's a good chance they'll be eager to hit the $420 mark. we are nearing a next APEX (where lines cross again) could be a point of momentum.

Keep calm, trade safe and manage your risk.

(Disclaimer: this is not financial advice)

Tims.Technische.Analyse by TIMTIBBO
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