Quant Price Forecast: QNTUSD Price Is About to Enter an Higher Supply-Demand Zone

Quant Price Forecast: October 24

The Quant price forecast is that there will be a break in the demand zone at $162.60.

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

Key Levels:
Zones of Supply: $128.10, $145.00, $227.60
Zones of Demand: $39.50, $85.20, $162.60

Quant buyers are setting the pace to break the price ceiling above, to continue its rally. The bullish run has led to the break of the restriction zone at $133.80, and after two short-lived consolidations, the rally is set to move into higher price planes.

Quant Price Forecast: QNT/USD Outlook

The SuperTrend indicator highlights the price movement as green, implying that the market has been bullish since the middle of September. This uptrend rally shows no sign of slowing down soon.

The Parabolic SAR indicator, as well, indicates that the QNTUSD market remains bullish. This is despite the bearish pressure sellers have attempted to input into the market multiple times.

The True Strength Index (TSI) indicator, like the SuperTrend Indicator, has crossed above the signal line since September. This is an obvious indication that the market has been largely bullish in that space of time.

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

On the 4-hour chart, the TSI (True Strength Index) indicator is currently moving along the center line, indicating less volatility in the QNT market. The market is consolidating at that level, waiting for the right trigger to push it higher.
The consolidation has led to the price forming a symmetrical triangle. A new breakout can be expected soon, as the price most likely finishes a lower-level retest.

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