Quant Price Forecast: Expected Breakout Anticipated for QNT/USD

Azeez Mustapha

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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

TradingView Chart

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.

Quant Price Forecast: Expected Breakout Anticipated for QNT/USD.

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.

 

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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