How High Can Quant Go? QNT Targets Explained

AI-generated source summary

The analysis presents a long-term Elliott Wave perspective on QNTUSDT, suggesting it is in wave v of a larger impulse wave. The current price is observed at approximately $231.75. The preferred bullish scenario anticipates a move higher towards the upper descending trendline and Fibonacci extension levels, with key targets projected between $800 and $1000. Specifically, the 38.20% Fibonacci extension level is identified as a potential target around $1,118.47. The analysis also highlights critical support levels to monitor, particularly the region around $50-$55. A breach below this level would invalidate the current bullish count, suggesting a potential continuation of the corrective wave. The broader descending trendline from past highs is considered a crucial resistance area. The scenario anticipates that wave (iv) of the larger corrective wave has concluded, and the asset is now in wave (v) of the larger impulse. The analysis suggests that further upside is expected, with a target of $718.0. Specifically, the video suggests an ideal target zone for the fifth wave between $718.0 (61.8% extension) and $952.7 (123.6% extension) and possibly even up to $1,118.47 (38.20% extension of a larger wave). The failure bound for this bullish scenario is set below the $50 support level. The chart shows a longer-term corrective structure, possibly a descending channel or triangle, from which a breakout is anticipated. The analysis also mentions previous insights from January and May, indicating a sustained bullish outlook on QNT.

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