Quant Price Forecast: February 27
Quant price forecast shows that the market is preparing for a bullish rush after forming a major bullish chart pattern.
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 formed a bullish flag reversal pattern. This means we see the continuation of the impressive run of buyers from the 1st to the 25th of January. This is because flag formation allows the bulls to get recharged in consolidation before another breakout and bullish run occur.
Quant Price Forecast: QNT/USD Outlook
The quantitative market has formed a bullish flag formation. This will help it easily bypass the $155.70 resistance level and reach higher prices.
The strong market rise that occurred when the coin broke out of its former consolidation zone and rose to test the $155.70 supply zone represents the flag pole.
The current consolidation, which is happening below the $155.70 supply zone, gives space for the flag formation. The EFI (Elders Force Index) power line is presently fluctuating around the equilibrium.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The flag chart pattern is a bullish reversal formation in which, after a sustained period of upward drive, the price action observes a breather to regain strength. Following that, the market is expected to skyrocket once more. In this MA period, 20 (Moving Average) is lined up above the candles as the Quant market observes a breather in consolidation.
The MA period 20 on the 4-hour chart lines up with the MA period 20 on the daily chart by lining up above the candlesticks. The EFI power line on the 4-hour chart is closely placed just below the zero level. A break above the zero level would lead to a rise in price, which could lead to a much-anticipated breakout beyond the $155.70 resistance level.
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