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Quant Price Forecast: April 19
The Quant price forecast is for the coin to resume its uptrend movement after it stabilizes its market at the $115.00 significant level.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $134.20, $125.25
Zones of Demand: $101.30, $115.00, $120.60
The Quant Market is in the process of reviving its bullish campaign. The price was set to push upward from the triangle pattern, but it eventually slid to the downside under bearish pressure. Nevertheless, the market is now fluctuating around a key level at $115.00 to gain stability and resume its uptrend movement.
Quant Price Forecast: QNT/USD Outlook
The Quant market is fluctuating around the $115.00 significant level to stabilize and then resume its bullish campaign. The coin has had to face many hurdles up to this point.
The bullish campaign began when the price took off from $101.30 in late December last year to reach $155.70 a month later. The weakness of the buyers at this point is what permitted the bears an entry into the market.
Nevertheless, the bulls have been valiantly defending the coin and trying to wrestle back control up until this point. The RSI (Relative Strength Index) has since been knocking against its middle line.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
In sliding down and out of the triangle, the market has stretched the lower Bollinger Band even beyond the $115.00 significant level. A recoil will allow the lower Bollinger Band to bring the price upward, at least above that $115.00 level where the buyers are expected to stabilize the price before kicking off.
On the 4-hour chart, the fall in price has knocked the signal line to the border of the oversold region of the RSI chart. The signal line is now set to rise from there as the price stabilizes at the $115.00 support and begins a rally. Meanwhile, the Bollinger Band is trying to get a handle on the candlesticks. A successful revival from this level will see QNTUSD ascend to break the next resistance at $125.25.
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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