Quant Price Forecast: March 7
The Quant price forecast is for the market to be forced to rise as forces clash at the $125.25 weekly demand level.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $225.25, $101.30
The Quant market has followed the direction of a bullish flag formation. Therefore, the price has dropped. However, at the $125.25 significant support level, the price has been prevented from dipping below, and so the flag system will be forced to mature and set the market on an upward trend. The coin will aim to reach back to test the $155.70 resistance level.
Quant Price Forecast: QNT/USD Outlook
The Quant market assumed a bullish flag formation as a means for the buyers to recharge themselves before they return to impose their influence on the market.
Therefore, the price dropped in the flag formation till it reaches the strong support level of $125.25. This key level has thus far prevented the coin from dropping below it. This will result in the price being forced out.
The EMA period 45 (Exponential Moving Average) above the candles suggests the market is in a general uptrend and the drop is a change in orientation. However, the flag is for a resumption of the uptrend movement.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The Momentum indicator on the daily chart doesn’t show a specific, clear-cut direction right away. However, at the tip of the Momentum line, there is a rise that could keep rising if the coin is forced to break upward out of the flag system.
The market still needs to trade above the EMA period 45 on the 4-hour chart to show its intent to rise after being prevented from dipping below $125.25. The Momentum indicator on the 4-hour chart is undulating; however, higher highs and lower lows are being recorded on the Momentum chart. QNTUSD will look to break out and reach back toward $155.70.
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