$QNT
Quant continues to respect the broader corrective structure visible on the higher time frame, while the preferred white count still allows for another upside extension from the recent lows. Short-term momentum has improved slightly, although the market remains below the larger descending resistance trendline.
Leading Scenario: As long as the recent swing low around $66 continues to hold, the preferred white scenario supports a move higher toward the next blue Fibonacci resistance region between $101 and $119. A breakout above the upper descending trendline would further strengthen the probability of a larger upside continuation toward the 161.8% extension around $131.
Risk Scenario: A sustained break below the recent support region near $66 would weaken the short-term bullish structure significantly and increase the probability that the current recovery attempt has already failed within the broader corrective range.
Key Support Levels: $66 / $54
Key Resistance Levels: $101 / $119 / $131
Bottom Line: QNT currently shows improving short-term upside momentum within a still broader corrective structure. The preferred white count remains valid while price holds above the recent lows, with the blue Fibonacci resistance region representing the next important upside target area.