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Quant Price Forecast: August 13
The Quant Price forecast is for a new impending breakout after the market recovers from a previous failed one.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $117.60, $149.60, $167.10
Zones of Demand: $96.90, $87.60, $75.50
The QNTUSD market is eagerly anticipating another breakout after the previous one failed. In a bid to reverse the bearish orientation of the coin, the buyers have halted the drop in price at $96.90 and engineered the market into a symmetrical triangle formation. The expected breakout came out a bit too early, leading to a failed breakout. The coin has readjusted itself back into the triangle and is anticipating a proper breakout.
Quant Price Forecast: QNT/USD Outlook
The QNTUSD market is enveloped by anticipation of a new breakout following the prior attempt’s failure.
To reverse the coin’s initial bearish trajectory, buyers intervened, arresting the price decline at $96.90 and shaping the market into a symmetrical triangle pattern.
Although the initial breakout attempt occurred prematurely, leading to its failure, the coin has realigned within the triangle and is now poised for a more decisive breakout.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The daily chart showcases Bollinger Bands tightly embracing the candles, their tapering motion converging towards the triangle’s apex. This configuration signals an impending breakout. Simultaneously, the RSI (Relative Strength Index) hovers around the 50 mark, reflective of the imminent clarity in direction.
Similarly, on the 4-hour chart, the Bollinger Bands have constricted closely around the candles, converging towards the triangle. The RSI line transitioned waveringly from the oversold region to the middle line. The market’s collective outlook anticipates an impending breakout, poised to propel the coin toward the $149.60 mark.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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