Quant Price Forecast: February 15
The Quant price forecast is for the market to keep rallying until it rises back to test the weekly resistance level at $155.70.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $225.25, $101.30
Quant has had to drop for reinforcement back at the demand level due to the inability to break through the $155.70 weekly resistance level. After dropping close to the demand level, the market has flipped bullish, beginning a rally. All indications show that the market rally will lift the price back to the $155.70 resistance level to retest the level.
Quant Price Forecast: QNT/USD Outlook
The strength of the Quant bullish movement has been tested at different levels and at different times. The price managed to scale through all the different levels until it reached the $155.70 zone.
The market strongly resisted this $155.70 level despite persistence. This resulted in the price retreating to its demand zone to bring more buyers on board.
The coin barely touched the support level before it began rallying back upward. The MACD (Moving Average Convergence Divergence) lines have taken an upturn and are about to cross upward from a slightly negative level.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
A further pointer to the rallying movement of the coin is the fact that the market has traded above the EMA period 25 (Exponential Moving Average) on the daily chart. It is the same as on the 4-hour chart: after much trial, the price has risen above the EMA period 25.
The MACD lines on the 4-hour chart have plunged deeply below the zero level. However, as the price began to rise, the MACD lines have been moving sharply upward. The Histogram Bars have since flipped bullish and keep increasing. The rally will take the price to $155.70 to test it.
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