Quant Price Forecast: May 2
The Quant price forecast is for the market to get a stable foothold above the $115.00 resistance level and then use it as a springboard to ascend to higher levels.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $134.20, $125.25
Zones of Demand: $101.30, $115.00, $106.90
The Quant market buyers look to express themselves after a spell in which the price plunged below a symmetrical triangle system. The bulls are resisting another consolidation and will instead look to rise and hold above $115.00, from which the coin will likely spring upward even further.
Quant Price Forecast: QNT/USD Outlook
Quant is in the process of pushing its price back to higher levels. The price had been unexpectedly dipping after accumulating in a triangle structure for several weeks.
Nevertheless, the buyers are unrelenting and have begun to engineer a way to push the price higher. The coin will resist the lure to enter another consolidation below $115.00 by rising above it.
Afterward, the $115.00 level will convert to a support level, from which the market will spring upward. The Parabolic SAR (Stop and Reverse) dots line up below the daily candles for confirmation of a price increase.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The RSI (Relative Strength Index) indicator has its line still fluctuating below the middle level. A rise above the 50 mark will confirm the price rise above the $115.00 critical level. Likewise, the ability to push upward from the 50 mark will correspond to the price springing off $115.00.
On the 4-hour chart, the RSI indicator follows the market trend, rising above $115.00 and falling below it. Meanwhile, the dots of the Parabolic SAR are alternating around the candles as the price rises on a gentle slope. The immediate goal is to rise and hold above $115.00, from which the price will surge upward.
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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