QNT Accumulation Cylinder | Livermore’s Speculative Chart
Accumulation cylinders are rare patterns that frequently result in large blow-off tops.
An accumulation cylinder is characterized by expanding volatility amidst higher highs and higher lows.
Example: Crude Oil 2021 - 2022![image](https://images.spr.so/cdn-cgi/imagedelivery/j42No7y-dcokJuNgXeA0ig/5135d8de-070d-48ea-9c84-cca76e69a187/Untitled/w=3840,quality=90,fit=scale-down)
Example: $DOT (Polkadot) in 2020: ![image](https://images.spr.so/cdn-cgi/imagedelivery/j42No7y-dcokJuNgXeA0ig/093550e5-2176-4e88-b58c-41e6e7a578ec/Untitled/w=3840,quality=90,fit=scale-down)
Example: $NEAR (Near Protocol) in 2020: ![image](https://images.spr.so/cdn-cgi/imagedelivery/j42No7y-dcokJuNgXeA0ig/5a5c895f-ffcc-446d-8719-df0a61440128/Untitled/w=3840,quality=90,fit=scale-down)
$QNT (Quant Network) is currently in what could may be an accumulation cylinder:
While there is significant downside risk here, the potential reward should this pattern play out makes it attractive from a risk:reward standpoint. Leverage is not recommended here. It may take multiple months for this patter to play out, if it does at all.
Disclosure: Sistine Research has taken a modest spot position in $QNT on the breakout around $140.