Quant Price Forecast: Bullish Reaction Expected as QNTUSD Reaches Lower Flag Border

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RESULTS

Quant Price Forecast: March 10

The Quant price forecast is that as the price drops to the lower border of the flag formation, there is an anticipation of a bullish reaction that will lead to the long-expected breakout towards the $155.70 resistance.

Quant Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $101.30, $125.25

The Quant market is still on course for a bullish breakout from a flag structure. Traders have anticipated that the breakout will be off the $125.25 support level, but the coin has dropped below it. All eyes are now on the lower border of the flag, and the market has begun to show reactions that point to a price reversal there. Quant is looking like it will hit the ground running from here.

Quant Price Forecast: QNT/USD Outlook

The Quant market has taken the shape of a bullish flag formation. This is in a bid to continue its adventure to higher price levels after it was rejected at S155.70.

However, as the market creates the flag of the formation, the price seems to have dipped a bit lower than anticipated by dropping below $125.25. Although this is not totally out of the norm.

Nevertheless, the price has reached the lower border of the flag, and a bullish reaction is already suspected. A reversal candlestick shows as the price touches the lower border. The candles will have to trade above the MA period 14 (Moving Average) to confirm bullishness.

QNT/USD Medium-Term Trend: Bullish (4-hour chart)

The ATR (Average True Range) indicator, which shows market volatility, suggests that volatility might be on the increase. This is what happened before the coin embarked on a remarkable price increase at the beginning of the year. This ATR indicator on the 4-hour chart is rising, showing increasing volatility in the short time frame.

The MA period 14 is more vulnerable to being quickly broken on the 4-hour chart. The candles are in reversed candlesticks with long wicks. The market is looking likely to go on from there to a breakout of the flag formation. The target will be the $155.70 resistance level.

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