Quant Price Forecast: June 4
The Quant price forecast is for the market to resume its upward charge after the cure period of stalling.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $117.60, $149.60, $167.10
Zones of Demand: $107.40, $96.90, $87.60
Since November, last year, the Quant market is perambulating above the $96.90 major support level. Earlier in the year, the market received a lift and pumped strongly upward. The price rose past several key levels until it got above $149.60, where the bulls got exhausted. A slump then started, to which the coin dropped back to $96.90, where the bulls revived.
Quant Price Forecast: QNT/USD Outlook
The Quant market buyers pumped at the beginning of the year to rally the market well. The price rose strongly to more than 60% before the bulls got exhausted.
The price barely crossed around $150.00 before the buyer’s exhaustion and a drop. The drop means a reset for the bulls, who have revived as the price dropped to the $96.90 level.
As a result, upon touching the $96.90 demand level, the price surges and violates its descending channel. In doing so, the price has promptly traded above the MA period 35 (Moving Average).
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The upward jerk of the market shows on the MACD chart as well. The lines have pushed sharply and immediately above the zero level, even when the histogram bars form slowly. However, the price is now stalling just around the $117.60 key level, but the MA period 35 on the 4-hour chart is currently acting as support.
The MACD lines on the 4-hour chart have risen highly but are now plunging again (though still above the zero level) due to the market stalls. The red histogram bars have quickly formed. The coin is expected to avoid a drop and continue its bullish rally, at least up to $149.60.
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
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
