Quant Price Forecast: QNTUSD Races Towards the $155.70 Level

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Quant Price Forecast: January 18

The Quant price forecast is for the market to drive aggressively towards $155.70 after it springs off $125.25.

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

Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $88.70, $101.30

Quant Price Forecast: QNTUSD Races Towards $155.70 Level

The Quant buy traders are working very hard in the background. They have continued pressing upward after breaking the $125.25 supply line. Midway towards attaining a new price level of $155.70, the market has decided to take a breather back at the $125.25 demand level. The price barely tested $155.70 before it resumed its bullish agenda.

Quant Price Forecast: QNT/USD Outlook

Quant just breached the confines of its consolidation zone, and it continues to power through the momentum it had generated. This continued till it rose closer to $155.70, after which the coin pulled back.

The bulls then sought support at the former supply level of $125.25. The price tested the supply level, and from there, it began to regain its vigor.
Therefore, the price tested the supply level, and they received strength to continue their bullish adventure. Despite the price decline, the EFI (Elders Force Index) does not fall below zero.

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

The RSI (Relative Strength Index) line on the 1-day time frame drops out of the overbought region but retains its stand in the bullish half of the chart. On the 4-hour chart, the RSI line has dropped below the middle line mark but has revived immediately above the middle line as the rally begins.

Quant Price Forecast: QNTUSD Races Towards $155.70 Level

The EFI power line also is seen to drop into a negative value on the 4-hour chart, but like the RSI, it has bounced back immediately above the zero level. The bulls are demonstrating they need only a little support to get back. This is seen in the way they leaped back to continue their rally. The goal is to break the $155.70 significant level.

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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.