Descending Triangle Pattern
Quant (QNT) forms a descending triangle pattern, testing resistance level A after fluctuating between support level A and resistance level B. Breaking these resistance levels could initiate an upward price trajectory.
3/14/20241 min read
![Chart showing QNT forming a descending triangle pattern with resistance level A being tested, indic](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=1018,h=607,fit=crop/mP4DRvxXEycnaE1Q/5-mxB8a7lrB4Upg2wk.png)
![Chart showing QNT forming a descending triangle pattern with resistance level A being tested, indic](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=328,h=196,fit=crop/mP4DRvxXEycnaE1Q/5-mxB8a7lrB4Upg2wk.png)
QNT has developed a descending triangle pattern following its fluctuation between support level A and resistance level B. Presently, the price is undergoing a test of resistance level A, subsequently targeting the upper boundary of the triangle. Overcoming these two resistance levels will serve as a critical initiation for the upward trajectory of the price.