Quant Price Forecast: March 17
The Quant price forecast is for the market to push upward to higher price zones after breaking free from a descending channel.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $101.30, $125.25
QNTUSD has been structured by the bullish flag reversal formation to push its price to a higher zone. The market following this pathway has not violated the upper border of the flag channel and is pushing upward. The coin is now trying to rid itself of the influence of the $125.25 key level, after which it is expected to drive to higher price zones around $155.70.
Quant Price Forecast: QNTUSD Outlook
QNTUSD is now taking full advantage of its structure, which ends up in a bullish spree. The price was hitherto ranging downward through a bullish reversal flag, but now it has matured and broken upward.
The market’s investors can start anticipating a windfall after Quant broke the upper border of the flag. The coin is poised to drive its price steadily to a higher price zone from the $125.25 support level.
At present, the RSI line (Relative Strength Index) has bounced off the oversold border and also breached its mid-level line. This is a very positive indication for the buyers.
QNTUSD Medium-Term Trend: Bullish (4-hour chart)
Also on the daily chart, the MA Cross (Moving Average) has just made a golden cross to the upside in an immediate response to the bullish direction the market is headed. On the 4-hour chart, the upward cross of the MA Cross takes place on the 11th of March, and since then there have been multiple upward crosses to confirm and re-confirm the upward trend.
The RSI indicator has its line majorly above the 50 mark on its chart, currently undulating as it awaits more momentum to push into the overbought region. The market is in an upward trend currently and is expected to scale new heights to rise as high as $155.70 in the market zone.
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