Quant Price Forecast: QNTUSD Receives Strength at the $155.70 Confluence Point

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


Quant Price Forecast: October 21

The Quant price forecast is for the market to restart its bullish advantage after it receives strength at the $155.70 confluence point.

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

Key Levels: 

Zones of supply: $42.40, $88.70, $155.70

Zones of Demand: $222.70, $260.00, $352.10

Quant Price Forecast: QNTUSD receives strength at the $155.70 confluence point

Quant’s strong upward movement, which began at the 42.40 support level, has been stopped abruptly by a barrier at $227.70. This led the market into a bit of a retracement. For up to 3 days, the price kept dropping, not finding any support price level to land on. However, on October 20th, QNTUSD lands on a confluence point at the $155.70 key level and receives the strength to restart its rally.

Quant Price Forecast: QNT/USD Outlook

After the Quant coin lands at $42.42, it begins to follow an ascending trendline. The trendline takes the price past several key levels till it reaches a barrier level of $227.70.

The coin couldn’t evade the resistance level the first time, and it began to drop, looking for a suitable key level from which it could bounce off. Eventually, the market finds a strong support level at $166.

The Stochastic Oscillator lines are seen hugging the overbought borderline. This indicates a bullish but controlled upward price movement. In addition, the Momentum in price is in an uptrend movement.

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

On the 4-hour chart, the price has touched down on the confluence of the $155.70 key level, it has reversed immediately, ready to rise to test the resistance level. The Stochastic Oscillator lines are rising strongly from an oversold status and it is about to enter the bullish half of its chart.

Quant Price Forecast: QNTUSD receives strength at the $155.70 confluence point

The fluctuating nature of the Momentum indicator shows an increase in the market activity of the buyers. This is accompanied by a price increase from the confluence point. QNTUSD will retest the $227.70 resistance level to break through it.

Place winning Quant trades with us. Get QNT here

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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

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.