Observe the head and shoulders pattern, and waiting for a breakout on the QNT/ADA chart.
Potential long trade, once break out above the dotted line as shown.
Orange arrow indicates the measured move target.
Potential long trade, once break out above the dotted line as shown.
Orange arrow indicates the measured move target.
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Typo: *inverse head-and-shoulder
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Patience is key.
Still waiting for a potential breakout.
Still waiting for a potential breakout.
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Note: A drop below the thick orange 200 daily SMA will signal a further bearish price movement ahead instead.
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The golden pocket: Expected level to consider DCAing into if QNT/ADA falls below the 50% Fib retracement interval and then the 200 daily SMA, for the contrarian scenario.
