QNT is currently hovering around $104.9, holding above the 7-day, 25-day, and 99-day moving averages — the 7-day line is at 105.2, the 25-day line is at 100.9, and the 99-day line is at 91.3. From the arrangement of the moving averages, the long positions pattern is quite clear.
Looking up, the previous high of 108.4 is a hurdle. If we are to break through, it needs to cleanly surge past the range of 110-112; in that case, the region of 115-120 will open up. Looking down, there is the 25-day moving average supporting around the 100 mark; if it drops further, we will see if the 99-day moving average and structural support at 91 can hold.
The trading volume is quite interesting—there was indeed a noticeable buying pressure when it broke through, but it has cooled down recently. However, as long as the price can hold above the 25-day moving average, this upward trend is still considered stable for the time being.
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ForkYouPayMe
· 15h ago
105 that hurdle is really holding above tightly, it depends on whether it can truly hold above.
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CounterIndicator
· 19h ago
The Trading Volume cooling down is the real problem. No matter how beautiful the long positions pattern looks, someone still has to catch a falling knife. What's the use of just looking at the beauty of the moving average arrangement?
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FrogInTheWell
· 19h ago
The alignment of the moving averages is so standard, and the signs of long positions are quite obvious, but I'm worried that the trading volume may not keep up.
QNT is currently hovering around $104.9, holding above the 7-day, 25-day, and 99-day moving averages — the 7-day line is at 105.2, the 25-day line is at 100.9, and the 99-day line is at 91.3. From the arrangement of the moving averages, the long positions pattern is quite clear.
Looking up, the previous high of 108.4 is a hurdle. If we are to break through, it needs to cleanly surge past the range of 110-112; in that case, the region of 115-120 will open up. Looking down, there is the 25-day moving average supporting around the 100 mark; if it drops further, we will see if the 99-day moving average and structural support at 91 can hold.
The trading volume is quite interesting—there was indeed a noticeable buying pressure when it broke through, but it has cooled down recently. However, as long as the price can hold above the 25-day moving average, this upward trend is still considered stable for the time being.