Quant Price Forecast: April 18
The Quant price forecast is for the market to use the $115.00 significant level as a recovery point to get the bullish agenda back on track.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $155.70, $147.60, $134.20
Zones of Demand: $101.30, $125.25, $$115.00
The Quant buyers are reacting to the market’s condition. They have regrouped to influence the price to the upside, and the $115.00 key level is the significance level at which the coin is trying to recover. There are already reactions at this level, and indications show that in the 4-hour chart, rallying is gradually about to take place.
Quant Price Forecast: QNT/USD Outlook
The Quant market has a bullish agenda. This was demonstrated by the several weeks during which the price kept rising from late December into January of this year.
During the bullish cycle, the coin broke out of consolidation and pushed its limit up to $155.70, where the buyers eventually weakened. This led to a drop in price. However, the buyers are revived and fighting to regain control of the market.
The price dropped unexpectedly from the symmetrical triangle system being used, but the price is taking impetus to rally from the underlying $115.00 support. Hence the Stochastic is expected to also bounce off the oversold border.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
Despite the slump of the price to the downside of the symmetrical triangle system, the Momentum indicator shows that the market’s momentum remains regular. This is expected to be used to the buyers’ advantage, who want to recover immediately off the $115.00 support level.
Progress has already been made on the 4-hour chart. The Stochastic Oscillator lines are rising from the oversold border to reach the overbought zone, which is a sign of recovery as bullish candlesticks begin to appear. The coin is expected to push higher until it reaches its major resistance level at $155.70.
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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