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Quant Price Forecast – April 9
The Quant Price forecast is for the coin to jump out of the price accumulation in a triangle.
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, $120.60,
Quant is expected to make the breakthrough from the triangle structure where it is currently accumulating. The indicators reveal that work is being done in the background by the bulls. The price is presently rising to the upper border of the triangle and may get the strongly anticipated breakthrough this time around.
Quant Price Forecast: QNT/USD Outlook
There is still high anticipation of the Quant market breakout from its price accumulation. The coin has been ranging through the triangle structure since the 10th of March.
What led to the price accumulation in a triangle was in itself a breakout from the previous bullish flag formation. However, that was not enough to get the market soaring, hence the triangle accumulation.
Currently, the price has bounced off the lower border and is rising again. This may lead to the anticipated breakout. So far, the Momentum indicator is showing a fluctuating momentum level.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the Stochastic Oscillator chart on the daily timeframe, the lines have stopped short of falling to the oversold level. A sharp turn sees the lines turn back upward towards the middle line. Incidentally, the Stochastic lines on the 4-hour chart have risen strongly and are currently fluctuating around the overbought border.
The Momentum indicator on the 4-hour chart still shows erratic sideways movement but the line is nonetheless at a positive value. This is a confirmation of the work currently being done by the buyers behind the scenes. The coin is currently rising towards the upper border of the triangle structure and may get the breakthrough this time around to project the coin towards $155.70.
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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