Blue skies
Smiling at me,
Nothing but blue skies
Do I see.
Bluebirds
Singing a song,
Nothing but bluebirds
All day long.
If Quant would be singing this famous jazz song by Irving Berlin from 1926, it would probably rather go like this:
Blue zones
Beckoning me,
Nothing but blue zones
Do I see…
From the end of wave (ii) in blue at the upper edge of the lower blue zone between $86.77 and $50.69, Quant has steadily been climbing upwards and should soon cross the resistance at $161.52. Afterwards, it should rise into the upper blue zone between $236.77 and $294.39 to finish wave (iii) in blue. There is a 40% chance, though, that the altcoin could drop below the support at $85.93 and take a detour through the lower blue zone before moving upwards effectively.