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Quant Price Forecast: March 24
The Quant price forecast is that after the reversal at $107.40, the market will rise through the barriers to reach the $153.50 significant level.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $153.50, $160.00
Zones of Demand: $$107.40, $142.10
The Quant market forges ahead towards the $153.50 significant level again. The market has been having difficulties since breaking out of a bullish reversal structure and surging for the first time to $153.50. The bulls and bears have taken turns directing the market. However, the market has not dropped to $96.90. This time around, it has made a reversal from $107.40 and is forging back to $153.50.
Quant Price Forecast: QNT/USD Outlook
The Quant market is once again setting its sights on the significant $153.50 level, after experiencing previous challenges.
Following its initial breakout from a bullish flag reversal pattern and surging for the first time to $153.50. The market has often found itself being tossed to and fro.
Despite alternating control between bulls and bears, the market has managed to avoid dropping to $96.90. This time, following a reversal at $107.40, the market is showing resilience and is on track to revisit the $153.50 level.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily timeframe, crypto signals from the MACD (Moving Average Convergence Divergence) lines show a recovery back above the zero level, even after encountering resistance at $142.10 and subsequently retracing. The price is now trading above the Moving Average period 20 (MA), with an initial reaction expected at the $142.10 level as the market continues its upward trajectory.
The impact of the rejection at the $142.10 level is further evident on the 4-hour chart. The MACD lines dipped below the zero level and traded beneath the MA period 20 following this rejection. However, following the price reversal at $107.40, the MACD lines have rapidly ascended back above the zero level, accompanied by the market trading above the MA period 20. The immediate objective is to retest and potentially breach the $142.10 level, paving the way for a further ascent towards the $153.50 target.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, presented product, or event. We are not responsible for your investment results.
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