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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
Daily downtrend since Sep 14, bouncing from the 28.33 low — the last lower high is 40.76
The setup is bearish: the downtrend is intact, price is between levels.
Backing it: on the daily chart, each peak and each dip has been lower than the last; against it: the indicators favour the buyers' side.
Price is under the 50-day average (41.20).
The last 5 days are up 18.3%, nearly every low higher than the one before.
Price is 8.1% under 40.76, the last lower high, and 32.2% over 28.33, the trend's low.
For it: price is under the Ichimoku cloud (a widely watched trend gauge), and the gauge points down ahead.
Against it: the last 5 days are up 18.3%; price is above the average price buyers have paid since the 32.11 low, 35.55, so those buyers are in profit; price is above the Monthly VWAP (32.92), stretched more than 2 deviations from it.
28.33 below and 40.76 above are the lines; a daily close past either is the move.
A 1D close above 40.76 takes out the last lower high — the downtrend's structure ends there; the next level up is 43.65.
A 1D close below 28.33 carries the downtrend past its last low; no tested level below it on this chart — the next round number is 25.00.
28.33 is the floor — the trend's low, set Nov 5.
40.76 is where sellers keep showing up: it held 2 of 2 visits. It is also the prior week high.
38.89, the 2-TF resistance 3.9% above price: sellers turned price there on 2 of 3 visits.
QNT has been in a downtrend since Sep 14: its lows have stepped down (46.50, then 32.11, then 28.33), and so have its highs (56.94, then 40.76). Price is 32.2% over the trend's low, 28.33 (Nov 5). The last lower high is 40.76 (Oct 28), 8.1% above price; no daily close has gone over it.
The weekly picture: a weekly downtrend, 90% under the all-time high. The daily has a falling trend of its own; the weekly has not picked a side.
Against BTC: over the last 5 daily candles QNT moved +18.3% and BTC -1.2% — QNT is the stronger chart.
Sellers have had the daily since Sep 14: each bounce has been sold lower than the last, and no daily close has cleared a lower high. The bounce from 28.33 is the buyers' push against it; it has not reached 40.76 yet.
What doesn't fit: The trend is weak — ADX 24, under the 25 where a trend is real, with sellers ahead (−DI 26, +DI 21). Price is above the average price buyers have paid since the 32.11 low, 35.55, so those buyers are in profit. Price is above the Monthly VWAP (32.92), stretched more than 2 deviations from it. This is what the bounce has going for it.
| Level | Price | From price | Role |
|---|---|---|---|
| Swing high | 43.65 | +16.6% | swing, read |
| Swing high | 41.20 | +10.0% | swing, read |
| 3-TF resistance | 40.76 | +8.8% | confluent, calendar |
| 2-TF resistance | 38.89 | +3.9% | confluent, order block |
| Fib retracement | 38.10 | +1.7% | fib, sr |
| 2-TF resistance | 37.59 | +0.4% | confluent, calendar |
| 2-TF support | 37.22 | -0.6% | confluent, calendar |
| 2-TF support | 36.39 | -2.8% | confluent, calendar |
| Golden pocket | 36.01 | -3.8% | golden pocket |
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