Quant Price Forecast: QNTUSD Retests the $162.00 Level and Initiates
Login

Quant Price Forecast: QNTUSD Retests the $162.00 Level and Initiates a Bullish Reversal

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Quant Price Forecast: October 27

The Quant price forecast is that the QNTUSD rate will continue to soar after the discount level retests at $162.00.

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, $163.00
Quant Price Forecast: QNTUSD Retests the 2.00 Level and Initiates a Bullish Reversal On the 26th, the Quant market experienced a structural shift from its symmetrical triangular pattern. The directional shift was in a bid to usher in more volatility into the coin market. This was achieved by retesting the earlier price of $162.00, which has served as a significant support level for the Quant market.

Quant Price Forecast: QNT/USD Outlook

According to the SuperTrend indicator, the Quant market has maintained its bullishness since the latter days of September. This is despite the retest move the market made recently, after hitting a peak at $227.60.

After hitting that peak price, the market started to move within a triangular pattern, as there was strong contention between buyers and sellers at that price level, until the 26th, when a Shooting star candlestick formed, which brought in the bearish force that pushed the price to its new demand level, fortunately for buy-traders.

Meanwhile, the True Strength Index maintains that the Quant market remains bullish, although the indicator trend line tilted downwards a little due to the retest. However, the market shows no signs of a significant structural shift, as the market has again picked up.

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

On this chart, the TSI indicator signals that the market has become oversold at its nearest demand level. This will mean that the bulls can now outplace the sellers.

Quant Price Forecast: QNTUSD Retests the 2.00 Level and Initiates a Bullish Reversal

A strong bullish reversal is expected in the Quant market with its retest of the support level at $162.00. Especially with the bullish spike that came immediately at the discount level entry point.

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
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News