Why this?

Price, of course!

This is the movement of $QNT of the past 1 day and as you can see it has achieved where the whole market is bearish and falling but Quant rising up and therefore helping out his holders make a profit.

Is this a Manipulation?

I don't think so, usually, I feel these types of moves are manipulated because as earlier said that the whole market is declining for the past 2-3 days but what fuck happened in the balls of $QNT that it pumped this. The reason is clear in the chart itself and the same price action shows 2 reasons why it pumped this and why it has almost a 0% chance that it is a manipulation.

Reasons:

• The pattern did form a retest on the $165 zone. First, that level got broken and then we had a little correction for 8-10 hours, and then it did bounce from exactly an important level, therefore, confirming a successful retest.
• It has been forming an ascending broadening wedge pattern and the price was very close to the upper resistance of the pattern so a bounce was expected anytime to test the resistance zone. Although it could drop tremendously from here, will be discussing it later in the post.

This is Weekly Timeframe's wedge that has been going on for the past 170 days almost like 8 months right now. Oops, this is bearish...?

It's a Coin Toss game as of Now.

Why so? Here check this out.

Concerning both the movement possibilities, at the time of writing this, it is very hard to determine what could happen because it has just touched ots resistance point and a correction needs to happen for some hints of further price movement possibilities. Remember, Correction soon in $QNT as it has just pumped this much and therefore. Still, which side could be trusted more as of now?

I am on the Shorter side.

here is the reason: Right now I feel that we would be testing the $16000 level for Bitcoin very soon and therefore that does happen then a bearish movement is having a fucking higher probability. Also if the king goes down, then the kingdom is as well. I hope you got the point here. If you have any doubt that why I feel $16k could be tested then it has very simple logic which I have shared multiple times and you could pick up any previous post of mine or if are keen to know but are not able to find it then you could just drop a reply here and I would tell you and also that is not just my analysis and thought on Bitcoin but rather the same mindset goes with a highly influential investor as well.

Up or down? Which pathway do you prefer?

Do not think with a holder mindset but with an analyst mindset.

Surprise Surprise!

The QNTBTC Pair made All time high as well. Do you think it could still further go up? I don't think so, Correction is necessary.

You must check this from yesterday's roundtable Q&A by LeoFinance.

Thank you for going through my post and yes, this analysis is not any financial advice. I am just sharing my thoughts and I ain't responsible if you follow them. You reached here, I love you for doing that and wish to see you again. Have fun with a fantastic rest of your day!
SANJAM