When analyzing QNT we need to take into account that we are dangerously close to a head and shoulders pattern on the USD pair.
On the Fibo 1.4 (-27%) we could see a QNT/USD price of $76.13
On the Fibo 1.6 (-38%) we could see a QNT/USD price of $64.14
Since I could see BTC/US dropping towards levels like $13.750,- (-28%) we could conclude that this info could give us extra information when looking at the QNT/BTC pair.
On the Fibo 1.4 (-13%) we could see a QNT/BTC price of 0.00529
On the Fibo 1.6 (-24%) we could see a QNT/BTC price of 0.004859
Let's say in a final capitulation event we will see QNT drop 14% further from there all liquidity will be absorbed and we will see a major run upwards.
On the Fibo 1.4 (-27%) we could see a QNT/USD price of $76.13
On the Fibo 1.6 (-38%) we could see a QNT/USD price of $64.14
Since I could see BTC/US dropping towards levels like $13.750,- (-28%) we could conclude that this info could give us extra information when looking at the QNT/BTC pair.
On the Fibo 1.4 (-13%) we could see a QNT/BTC price of 0.00529
On the Fibo 1.6 (-24%) we could see a QNT/BTC price of 0.004859
Let's say in a final capitulation event we will see QNT drop 14% further from there all liquidity will be absorbed and we will see a major run upwards.