QNTUSDT Analysis by @pipsnipers

The analysis centers on QNTUSDT, examining price action against a long-term trendline that acted as resistance for two years, now backtested as support. It identifies a Wyckoff accumulation pattern and key Fibonacci levels for potential support at 0.618 and 0.702. The analysis identifies accumulation and manipulation under the range, followed by a range reclaim and a backtest. It emphasizes the common target range for reversals, noting that the price could bounce off the 0.618 level and shows a smaller accumulation range in the hourly timeframe. An upward move past 126 is expected, but if price sweeps the 0.702 at 87, this is a fail range. The ultimate target of the analysis is 655 which is a major fib level and would be considered the cycle top and profit taking could occur there. There is a strong probability that the trend will hit this target considering the highly leveraged nature of cryptocurrency. The analysis utilizes fibonacci levels, and support and resistance levels.