Quant Price Forecast: February 5
The Quant price forecast is for the buyers to bounce back and assault 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
Quant is reverting to gaining strength at the immediate demand level to relaunch itself against the $155.70 resistance level.
Quant Price Forecast: QNT/USD Outlook
The price has tried over several weeks to break through the $155.70 supply zone, but the zone has remained rather impermeable. However, the coin is now reverting to another strategy.
The Quant market is plotting its way past the $155.70 resistance level, and the latest move is to pull back towards the $125.25 demand level, from where it will rally back upward. Currently, the coin is following a path down toward the demand level. Buyers are accumulating to jump into the market at the demand zone, which will strengthen the coin.
The path back to the $125.25 support level has been plotted. The price has now traded below the MA period 14 (Moving Average) which shows that it has committed to a pullback to the support level.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The Stochastic Oscillator lines on the daily chart have plunged to the border of the oversold region as the price keeps dipping toward the $125.25 demand zone. Meanwhile, on the 4-hour chart, the Stochastic lines are also undulating strongly towards the oversold region.
On the 4-hour chart, the market is fluctuating in a downward direction and is also sliding below the MA period 14, which shows the definite direction of the market. QNTUSD will most likely touchdown at the $125.25 support level before kickstarting a rally back to the $155.70 resistance level.
Place winning Quant trades with us. Get QNT here
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.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.