Quant Price Forecast: QNTUSD Poised to Rebound from Diagonal Support Above $106.00

Quant Price Forecast: March 31

The Quant price forecast is for the market to keep ascending alongside the diagonal resistance.

Quant Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $227.00, $163.00, $135.00
Zones of Demand: $79.00, $94.00, $106.00

QNTUSD market’s general outlook is still favorable as prices continue to rise along the rising trendline. A third bounce off the trendline has been seen by QNTUSD, confirming the trendline’s importance. The Stochastic Oscillator and the MA Cross are currently indicating a buy, signaling a bullish market.

Quant Price Forecast: QNT/USD Outlook

The $227.00 and $94.0 price levels make up the current trading range. But, with the rising trendline, the price has been growing in fractals.

Once the bears left the market near the $94.00 demand zone in September 2022, the rising trendline appeared. Since then, the rising trendline has been resisting the price’s downward movement by functioning as a diagonal support.

The sell program has just concluded, and the MA Cross predicts that the market’s structure will soon shift upward. Also, the Stochastic Oscillator indicates that the market has recently emerged from an oversold state.

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

The four-hour diagonal resistance was rendered invalid, and the market’s environment for QNTUSD changed to a bullish one. The MA Cross has also provided a buy signal. This occurred as the 18 Moving Average passed the 40 Moving Average upward.

Following the bullish flip, the market’s four-hour chart trend is now in sync with the daily chart. QNT/USD may continue to rise for a considerable amount of time after breaking through the $135.00 resistance. The Stochastic Oscillator is currently showing that the price is rising as a result of the rejection in the oversold state.

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