Quant Price Forecast: June 13
The Quant Price forecast is for the market to take off from the $96.90 support level after it completes the retest of the level.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $117.60, $149.60, $167.10
Zones of Demand: $96.90, $87.60, $75.50
The Quant market is on the verge of a price reversal after spending close to three months in a downtrend. The downtrend resulted from price rejection at $160.00. The coin initially bounced off the $96.90 support to break out of the descending channel. The completion of a retest will set the price upward.
Quant Price Forecast: QNT/USD Outlook
The Quant market has stopped the price drop, lasting up to three months. The decline stopped at the $96.90 major support level.
The price broke upward from the descending channel to confirm the end of the bearish session. The coin is now dropping for a retest of the same $96.90 support level.
A retest is needed to set the price upward. The Envelope indicator helps confirm the end of the bearish trend as its range begins to shift out of the descending channel.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The MACD (Moving Average Convergence Divergence) indicator reacted to the upward breakout of the price as its lines rose above the zero level. The retest of the market back at $96.90, however, leads MACD lines to drop back before the zero level.
The Envelope indicator has moved out of the descending channel on the 4-hour chart as the price seeks reversal. MACD lines on the 4-hour timeframe, though below the zero line, have made a golden cross upward, and there are already miniature green histogram bars to confirm the beginning of an uptrend. Quant will look to rise back to $160.00.
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.
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