Quant Price Forecast: April 13
The Quant price forecast is for the market to evade the borders of the symmetrical triangle and begin its bullish movement.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $147.60, $134.20
Zones of Demand: $101.30, $125.25, $$115.00
The Quant market is still under the influence of the bulls and will eventually break out of the symmetrical triangle formation. The indicators show that the coin is biased toward the buyers. The price will have to bypass the significant level of $125.25 to fulfill its course. Once the price rises above this level, more buyers will jump into the market.
Quant Price Forecast: QNT/USD Outlook
The Quant market is consolidating into a triangle formation currently. The bulls aim to take full advantage of this formation to override the bears’ activities.
The price completes another cycle and reaches the upper border of the triangle. The $125.25 significant level crosses the point where the price is about to push upward.
Presently, the coin is rising to the upper border of the triangle. If it breaks the line, it will come into contact with the $125.25 resistance. The RSI (Relative Strength Index) fluctuates around the midline.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The MA period 9 (Moving Average) is undulating through the middle of the triangle structure. The line is, however, reaching to the underside of the daily candlesticks to aid the buyers by pushing the price up. It is doing this on the 4-hour chart, pushing against the border of the triangle.
The RSI line is biased toward the bullish half of its chart. The line has dropped back to the midline and then shot upward again from the midline. Then it drops again from the latest plunge. The market will soon burst through the upper border of the triangle formation and climb higher from there 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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