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
Example: $DOT (Polkadot) in 2020:
Example: $NEAR (Near Protocol) in 2020:
$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.