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Quant Price Forecast: January 15
The Quant price forecast is for the bulls to gradually keep gaining ground against the bulls as the price recovers from the blow at $153.50.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $131.00, $142.10, $149.60, $1153.50
Zones of Demand: $117.60, $107.40, $96.90
Quant bulls are gradually making a retribution by gaining ground against the sellers. Previously, the coin had formulated into a bullish flag structure which propelled the price as expected. However, having reached the $153.50 significant level, the coin suffered an acute rejection that dropped the price back to where it started from. A bit of struggling follows in the bulls are now gradually gaining ground against the sellers. More upward movement is anticipated.
Quant Price Forecast: QNT/USD Outlook
Quant’s bulls are staging a comeback, steadily gaining ground against the sellers.
Initially forming a bullish flag structure that successfully propelled the price, the coin faced a significant rejection at the $153.50 level, causing a retracement.
Currently, the bulls are engaged in a gradual ascent, overcoming resistance from the sellers. Further upward movement is anticipated.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
A crucial objective for the bulls is to lift the trading level above the MA period 20 (Moving Average) on the daily chart, affirming their dominant position. Simultaneously, the ATR (Average True Range) indicator in this timeframe indicates a consistent increase in volatility, offering potential advantages for the bulls.
On the 4-hour chart, the MA period 20 is positioned above the candles but is nearby, facilitating potential trading above it. The ATR indicator in this shorter timeframe exhibits a fluctuating pattern with regular troughs and crests. Despite this, the rising momentum of the bulls is evident, supporting expectations for a push beyond $131.00.
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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