Quant Price Forecast: QNTUSD Price Makes a Bullish Reversal

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Quant Price Forecast: October 28

The Quant price forecast says that the price has already begun to reverse to its uptrend after the touchdown at $159.60.

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, $163

The previous day, Quant price moved to retest its nearest support level as the bears set in after the market had gone successively bullish since the 13th. From the current support, the market has started to make a bullish return on the daily chart.

Quant Price Forecast: QNT/USD Outlook

As the Parallel Channel highlights, the coin has been on a steady, gradual rise since July. However, the SuperTrend earmarks some points in September when the market consolidated.

The consolidation led the price to finally touchdown at $86.20. It was from this price level that the price began the rise to its most recent peak at $227.60.

However, on the 17th, after reaching the peak, the Quant price tilted downward, as indicated by the True Strength Index. In an obvious move to create an attractive entry level for its buy traders. However, the indicator maintains that the market remains bullish.

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

On the 4-hour chart, Stochastic indicates that the Quant market got oversold at the $159.00 support level. The indicator lines are currently reversing to show a more stable markeQuant Price Forecast: QNTUSD Price Makes a Bullish Reversal

TSI, as well, indicates that the market is oversold. Hence, Quant buyers are expected to step in and regain the market in an attempt to rise back up to hit the restriction zone above.

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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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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.