Quant Price Forecast: QNT Haggles the $115.00 Level to Breakout

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


Quant Market Forecast: January 5

The Quant market forecast is for the price to successfully navigate past the $115.00 supply level and rise further to test the $125.25 resistance.

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

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

Zones of Demand: $42.40, $88.70, $101.30

Quant Price Forecast: QNTUSD Is Negotiating the $115.00 Supply for a Breakout

QNTUSD is currently negotiating the midline resistance level of the consolidation channel. The price has been trading below it for a while to quickly generate momentum. The buyers are now set to cross this resistance level to the upper half of the channel. This will allow them to attempt to break the $125.25 resistance also and ride up toward $227.70.

Quant Price Forecast: QNT/USD Outlook

The Quant market settled in the lower half of the general consolidation channel to effectively generate more momentum with shorter movements.

This objective is already being achieved, and the price is now agitating to rise beyond its current level. The $115.00 supply level that immediately caps it has to be broken.

The candles have risen to test the $115.00 supply level with a double-bottom bullish structure. The ATR (Average True Range) indicator shows that the drop in volatility has been interrupted to begin a rise.

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

On the daily chart, the MA Cross (Moving Average) lines are finally crossing each other to the upside. This is a confirmation that the buyers are pumping the market to cross beyond the $115.00 resistance level. Meanwhile, on the 4-hour chart, the lines have already crossed each other to the upside, and the market is agitating for a breakout.

Quant Price Forecast: QNTUSD Is Negotiating the $115.00 Supply for a Breakout

The ATR indicator on the 4-hour chart is showing some movement to the upside after the end of a downtrend. When volatility becomes stronger in the market, the buyers can take advantage of it to move clear of the $115.00 resistance level and then proceed to the $125.25 resistance level to breach it also. Buyers will be looking to ride the price up to $227.70.

Place winning Quant trades with us. Get QNT here

NoteLearn2.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.

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

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.