Quant Price Forecast: June 18
The Quant price forecast is for the market to surge upwards after it breaks out of its ranging session.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $117.60, $149.60, $167.10
Zones of Demand: $96.90, $87.60, $75.50
The Quant market has been conducted through a channel down from the $160.00 critical level. However, when the coin touched the $96.90 significant level, the drop stopped abruptly, and the price violated the channel. Buyers are ready to push the price even higher but must first weaken a new resistance at $117.60.
Quant Price Forecast: QNT/USD Outlook
Quant is resorting to a former demand level to revive its bullishness. The price had surged from around that same level to $160.00, where the market rejected it.
QNTUSD has returned to its demand level, indicating a positive market trend. Additionally, the coin has defied the descending channel, suggesting an upcoming increase in value.
The price is being held back from a smooth upward movement by the $117.60 resistance level. In overcoming the resistance, the consolidation session will help to weaken its impact. Furthermore, the Stochastic indicator has reached the oversold border.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The EFI (Elders Force Index) power line has responded to the break in the descending channel. The second price rise towards $117.60 showed a surge in the powerline, but a drop back to support has plunged the line slightly below the zero level.
There is not much deviation in the indicators of the daily chart from the 4-hour chart. The Stochastic is around the oversold border, and the EFI lines have plunged below zero. Consolidation between the $96.90 support and the $117.60 resistance will persist until the resistance weakens and the price continues its bullish mobility toward $149.60.
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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