Quant Price Forecast: March 21
The Quant price forecast is for an eventual increase in the price as it pushes back and forth between two head-and-shoulders patterns.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $163.03, $227.70
Zones of Demand: $106.03, $120.00
Quant began forming a head-and-shoulders pattern in September 2022. The market showed increasing price movements to complete pattern formation. However, the market is looking indecisive, but this position will soon change in the buyers’ direction.
Quant Price Forecast: QNT/USD Outlook
The Quant price has been unable to complete an ascending ABCD pattern that started from $112 on the 10th of March, 2023, due to a supply zone at $113.81 in H4. Buyers are now attempting to push hard for a breakout.
While the market is at its current price, the price will maintain its current level and prevent a drop below the $106.03 demand zone.
The RSI (Relative Strength Index) 15 and 30 indicate an uptrend, and MA Period 50 (Moving Average) is cutting the bodies of the candlesticks, which signifies a consolidation. The coin is likely to maintain a price above $120.00, which will help push the price higher in the long run.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The RSI (15 and 30) indicate a downtrend as the price shies away from the $120.00 demand zone. However, as the market forms an inverse head and shoulders pattern to counter the D1 decision to push the price lower, there’s a chance to break the $113.81 supply zone around the neck of the head and shoulders pattern.
The 78% winning probability of a head and shoulders pattern makes it possible to complete its formations and push the price to a higher level. Quant is expected to complete the inverse head and shoulders pattern on the 4-hour chart, which will help push the price higher.
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