Quant Price Forecast: April 27
The Quant Price forecast is for the coin to spark a bullish move by springing off the consolidation support level at $106.90 and bypassing the $115.00 resistance, thereby breaking the ranging cycle early.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $125.25, $115.00
Zones of Demand: $106.90, $101.30, $88.70
The Quant market is attempting to break out of its ranging cycle, even though it has been for a short while. Such is the agitation of the bulls. A long wick can be seen that already pierces through the resistance, and we can expect to see more attempts from the bulls till the price bursts out and runs free toward $155.70.
Quant Price Forecast: QNT/USD Outlook
The Quant market earlier tried to make use of a triangle structure to empower the buy-traders, but the coin faced major opposition at the $125.25 barrier. This led to a dip in price.
The coin ultimately fell through to the $106.90 demand level, and efforts to immediately rise back were capped at the $115.00 resistance level. This means that Quant is now locked in consolidation.
After about a week of ranging movement, the coin is now attempting to break the cycle with a bullish move. The RSI (Relative Strength Index) line has moved from fluctuating around the middle line to fluctuating above the oversold border.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The Stochastic Oscillator lines also show the status of the market. The lines, which have been reacting around the average level of 50, have now dropped into the oversold region and are reacting around the borderline.
On the 4-hour chart, the line of the Stochastic Oscillator is running to and fro between both borders of its chart as an indication of consolidation. The RSI line is also playing out similarly. Nevertheless, the coin is attempting to break the consolidation and has pierced through with a long wick. A breakout will see the price move back towards $155.70.
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.
