Quant Price Forecast: QNTUSD Quits Plunging; Set to Go Long

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Quant Price Forecast: February 14

The Quant price forecast is for the market to trigger many buying entries after it halts its plunging movement.

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

Key Levels:
Zones of supply: $155.70, $222.70, $260.00
Zones of Demand: $42.40, $88.70, $125.25

Quant Price Forecast: QNTUSD Quits Plunging; Set to Go Long

The Quant market is in transition. It has halted its downward trading just above the $125.25 demand zone, and early indications are showing that the coin is getting ready for a turnaround. The market’s goal has been to receive adequate support, which will allow it to drive back toward the resistance level to break it.

Quant Price Forecast: QNT/USD Outlook

The Quant market decided to switch directions in late January after it failed to directly breach the $155.70 resistance level. The switch of direction towards its demand level is to help in an aggressive comeback.

Hence, the coin has been plunging ever since, though in a back-and-forth manner. Eventually, the price dropped to around $131.20 and has since been moving sideways.

This is an indication that the selling has come to an end. Traders are now expected to massively invest in the market. The Stochastic has started fluctuating below and pushing up against the oversold border.

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

Also on the daily chart, the EFI (Elders Force Index) power line, which has hitherto dipped below the zero line into a negative value, has taken a sharp turn upward in an attempt to rise back above the zero line in favor of the buyers.

Quant Price Forecast: QNTUSD Quits Plunging; Set to Go Long

There are more encouraging signs for traders on the 4-hour chart. The EFI has crossed the zero line into a positive value in favor of the buyers. The Stochastic lines have risen from their fluctuating state and have now crossed the mid-level line. Traders are encouraged to go long on the market as it begins a rise back toward the $155.70 resistance level.

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NoteLearn2.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.