QNT is good to buy and hold

QNT didn't make big move since the recovery of BTC and (almost) the whole crypto market, since the beginning of this year 2023.

However, if we look at the QNT's price action, we can see that prices are at the lower trendline of a triangle and that the accumulation is still on-going for QNT.

Indeed, when comparing to other trendy cryptos like GMX, OP and recently LDO, we can find that they have similar patterns: the triangle accumulation. All these three cryptos had broken out and are flying to set new and newer ATHs.

This is the reason why it is a good moment to buy and hold QNT for some weeks and months.

What do you think about QNT and this analysis?

Yorum:

QNT shows first signs of break-down.
On 2D TF, prices broke the trendline and CMF indicator broke also its trendline.
It could be a false breakdown but I unbag QNT and I'll wait later for buy QNT back.