Quant Price Forecast: January 20
The Quant price forecast is that the market will rally up to test the $155.70 resistance level and break through it.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $88.70, $101.30
The QNTUSD buyers are displaying their prowess. Since the breakout from below the $125.25 significant level, the market has been steadily rising. The price dropped for a retest at $125.25 and is now back and firing upward again. The target is the next resistance level at $155.70. The coin will be looking to use its incredible momentum to break through immediately.
Quant Price Forecast: QNT/USD Outlook
Quant buyers are without doubt in control of the market. The momentum that was generated while the price was ranging between $101.30 and $125.25 has been well put to use.
The display of bullish prowess has continued even after the breakout. The coin first had to retest the $125.25 key level (now converted to a support level), and it has continued its rally toward $155.70.
Since the breakout from below the $115.00 consolidation middle line, the Parabolic SAR (Stop and Reverse) has lined below the daily candles to show the bullish prowess in the market.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
Despite the retracement, the Parabolic SAR dots remain below the daily candles. However, they switch above the 4-hour candles. Now that the coin has bounced off the $125.25 significant level in a rally, the dots have switched back below the 4-hour candles.
The MACD (Moving Average Convergence Divergence) also shows the strength of the bulls. On the daily chart, the MACD line, which has been fluctuating below the zero level, has finally risen above it in a display of bullish strength. The current rally will reach the $155.70 key level and attempt to break through it.
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