Quant Price Forecast: February 12
The Quant price forecast is for the coin to gather enough momentum to rise back in time to test the resistance level to breach it.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $222.70, $260.00
Zones of Demand: $42.40, $88.70, $125.25
The Quant market is looking to recover in time to rise back to test the resistance level. The price has purposely dropped to the support level to allow more buyers to come onto the market. This will strengthen the coin and make it more aggressive when rising back toward the resistance level.
Quant Price Forecast: QNT/USD Outlook
The Quant market has decided that after finding it difficult to rise above the $155.70 resistance, it will bring on more bulls to help strengthen it.
Therefore, the market is now pulling back to a lower price level. This will allow more buyers to enter the market at a lower price level. And this will in turn help to strengthen the market so that it will be more offensive when it reaches the resistance level.
QNTUSD is on the verge of an upturn after it drops closer to the $125.25 resistance level. The MA period 50 (Moving Average) is underlying the daily candlesticks and acting as a support to help its recovery.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The MACD (Moving Average Convergence Divergence) indicator is now closer to the equilibrium level due to the pullback of the market toward the $125.25 support level. The red histogram bars have formed on the downside of the MACD chart.
On the 4-hour chart, there are indications of bearishness in the market. The MACD lines have plunged deep below the zero level. During the MA period, 50 has risen above the 4-hour candlestick. Having gotten to this point, the market can only improve as it aims to rise back to the resistance level of $155.70.
Place winning Quant trades with us. Get QNT here
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.
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
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
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
