Quant Price Forecast: March 2
The Quant price forecast is for the market to push off the bears’ advances. It is expected to lunge upward toward the $155.70 resistance level.
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 buyers multiply at the demand level as they seek to launch an assault. They are aiming at the major resistance level of $155.70. , The price is at the $125.25 demand level. However, it is trying to mitigate the bears’ effect before the expected rally.
Quant Price Forecast: QNT/USD Outlook
The tenacity of the Quant investors has dropped recently with the multiple barriers with the price rising. However, the buyers are set to reinforce themselves strongly.
The market could not reach the major resistance at $155.70, it dropped to the $126.25 demand level. Investors can contribute to the market at a lower price from here.
We can expect to see a rallying market soon. The market has an extra layer of support in the lower Bollinger Band. The price must trade above the mid-line and stretch the upper band.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
An upturn is observed at the tip of the EFI (Elders Force Index) powerline. This indicates a switch in the influencing factor. The market is influenced by the buying base. There is more progress on the 4-hour chart for the EFIm as the line has recovered greatly and is now closer to rising to a positive value.
The market has been subdued under the middle line of the Bollinger Band. We can anticipate a rally to the $155.70 resistance level if the price trades above the mid-line and stretches the upper Bollinger Band on the 4-hour chart.
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