Quant Price Forecast: Gradual Rebuilding of QNTUSD Market as Bulls Take Charge

Quant Price Forecast: March 1

The Quant price forecast is for the market to keep a steady uptrend after rising off the $125.25 key level. The bulls have been revived and are working in the background to get this done.

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

Key Levels:
Zones of supply: $147.60, $155.70, $222.70
Zones of Demand: $42.40, $88.70, $125.25

The Quant market unexpectedly hit a new lower resistance level at $147.60, and this took the buyers aback, plunging the market in a steep fall towards the $125.25 demand zone. The demand zone has once again played in favor of the buyers to keep the market from dipping below it. The buyers have taken over from there again. They have begun a rebuild of the market toward the $155.70 resistance level.

Quant Price Forecast: QNT/USD Outlook

In its bid to rise back to the $155.70 resistance level, the Quant market hit a blocker at a new, lesser resistance level of $147.60. The buyers could not hold the price up at that point, and a swift descent to $125.25 ensued.

The influence of the former resistance level of $125.25 extends up to $130.00, but the price drop was so strong that it pushed through the levels of influence to reach $125.25 itself, where the plunge halted.

This has given the buyers the much-needed leverage to revive themselves and begin a fresh rebuild of the price. Due to the steepness of the price drop, the MA Cross (Moving Average) has yet to react to the reversal in price.

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

There is, however, a reaction by the MA Cross indicator on the 4-hour chart, in which the Moving Averages are about to cross each other to the upside in response to the price bouncing off the $125.25 significant level.

On the daily chart, the Stochastic Oscillator lines have made a golden cross from an oversold position to begin an uptrend. While the lines have begun that uptrend on the 4-hour chart and have risen even as high as the mid-level line. The buyers are working in the background, and they aim to first reach $155.70 before rising further.

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