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Quant Market Forecast: February 18
The Quant market forecast is for the price to keep drilling upward and beyond the $117.60 resistance after the coin witnesses a sharp U-turn.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $117.60, $131.00, $142.10
Zones of Demand: $87.60, $96.90, $107.40
The Quant coin has made a dramatic U-turn against the tide of the market. After hitting a seemingly impenetrable layer at $153.50, the market started to descend rapidly. It dropped below several key levels to the point of plunging back to where it formed into a bullish flag formation. The pressure from the bears were still hanging heavily as the coin was pressured to even drop below the major $96.90 support. However, against the turn of events, the price made a sharp upturn and thrust back above $107.40. As things stand, the coin is ready to push even higher.
Quant Price Forecast: QNT/USD Outlook
After encountering resistance at $153.50, the subsequent rapid descent led to breaching several key levels, plunging back to the level of the formation point of its bullish flag. Intense bearish pressure even compelled a drop below the critical $96.90 support.
Against expectations, the price sharply reversed and surged above $107.40, indicating a strong readiness for further upward movement.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily timeframe, the prolonged alignment of Parabolic SAR (Stop and Reverse) dots above the candles concludes as the sharp U-turn prompts a switch of the dots below the candles. This confirmation reinforces the market’s upward momentum, supported by positive crypto signals.
The 4-hour timeframe portrays a more intricate movement pattern as the market concludes its downward plunge and transitions into an upward trend. Consequently, Parabolic SAR dots fluctuate both above and below the candles. The RSI line follows an irregular yet upward trajectory. Anticipated to ascend beyond $117.60, the coin’s resilience and the positive crypto signals indicate a potential for further upside.
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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