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

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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 $162.00 Level and Initiates a Bullish ReversalOn 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 $162.00 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.

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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.