Quant Price Forecast: QNTUSD Poised to Break Triangle Structure

Quant Price Forecast: April 2

The Quant price forecast is for the market to successfully breach the triangle structure in which it is currently accumulating. This will lead to a massive rise in price.

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 on the verge of breaking out of the triangle structure in which it is currently accumulating. The essence of this market structure is to overturn the pressure on the coin and instead push it upward. Currently, the price is battering the upper border of the triangle structure. When the breakout happens, the coin will surge toward the $155.70 resistance level.

Quant Price Forecast: QNT/USD Outlook

The Quant market has been accumulating through a triangle structure for some time now. The goal of the buy-side is to use this structure to move against the current bearish tide.

The upper limit of the triangle when the price first tried to breach it seems to coincide with the $134.20 resistance level. Since then, the price has dropped to the lower border and risen again.

Right now, the daily candles are battering the upper border once more, and this time, the border is coinciding with the $125.25 resistance. The Parabolic SAR (Stop and Reverse) dots are expected to switch below the candles once the breakout happens.

QNT/USD Medium-Term Trend: Bullish (4-hour chart)

The MACD (Moving Average Convergence Divergence) lines are moving laterally below the zero level. Despite this, the histogram bars are bullish. This shows that there is an ongoing effort by the bulls to counter bearish pressure on the market.

On the 4-hour chart, there is already an alternation of the Parabolic SAR (Stop and Reverse) around the candlesticks as the market keeps battering the upper border of the triangle. The MACD lines have risen highly above the zero level in the 4-hour time frame, which confirms the progress being made by the buyers. When the breakout happens, the price will push hard toward rising above the $0.0002980 resistance.

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