Quant Price Forecast: QNTUSD Breaches Flag Pattern; Sets a Higher Target

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RESULTS

Quant Price Forecast: March 12

The Quant price forecast is that as the bulls have shown tremendous strength to breach the flag structure, they will now try to push the coin to a higher price of around $155.70.

Quant Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $101.30, $125.25

The Quant market has finally broken out of its bullish flag pattern after a prolonged period in which the market undulated downward past several key levels. The bullish spark finally occurred at the lower border of the flag, and this has risen to breach the flag. The buyers have now set their sights on the $155.70 resistance level.

Quant Price Forecast: QNT/USD Outlook

The inability of the coin to immediately violate $155.70 coupled with the weakness of the bulls led to the drop in price and consequently the formation of a flag system to revive its market.

The flag pattern, therefore, leads the price downward past several key levels, including the strong support level at $125.25. In all of this, the price continues to consolidate, allowing buyers to maintain their confidence.

Just before reaching $101.30, the bulls rise strongly to defile the flag and set their target at a high price. The EMA period 20 (Exponential Moving Average) has now been breached with the upper border of the flag pattern.

QNT/USD Medium-Term Trend: Bullish (4-hour chart)

The MACD (Moving Average Convergence Divergence) lines on the daily chart have made a golden cross upward from their bearish position. The bearish histogram bars have receded, and bullish ones have begun to form. This is much more advanced on the 4-hour chart, as the MACD lines have now crossed the zero level with strong bullish histogram bars.

The market has traded far above the EMA period 20 on the 4-hour chart, and the line has now been converted to support the candlesticks as it breaks out of the flag formation. The immediate task is to rise beyond the influence of the $125.25 key level to move toward $155.70.

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