Quant Price Forecast: January 11
The Quant price forecast is for the market to touch down at the $115.00 level to gain strength and refire at the $125.25 resistance level.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $125.25, $155.70, $227.70
Zones of Demand: $42.40, $88.70, $101.30
After breaking out from below the $115.00 Quant market, prices have risen to test the $125.25 resistance level. The price does not break out on the first attempt. The coin has then decided to pull back to $115.00 to seek reinforcement, which it can use to break the $125.25 resistance level.
Quant Price Forecast: QNT/USD Outlook
The Quant market had a session in the confines of the lower half of the ranging zone below $115.00. This session spanned more than 3 weeks, after which the price rose above $115.00 again.
After gaining strength and breaking out, the coin is now gunning for the $125.25 resistance level as well. When it is reached, the momentum is exhausted, and the price begins a retracement back to $115.00.
The price is expected to gain a level of support from which it will push back toward the $125.25 resistance level. Therefore, the Stochastic lines are now pointing downward from the overbought region.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The MA period 35 remains below the current trading level and will be on hand to give support to the $115.00 key level so that the price will not slip below the level. This is the same situation on the 4-hour chart, although the MA period 30 is closer to the candlesticks. If the coin is to pull back to $115.00, it will likely trade below the MA in this 4-hour time frame.
The Stochastic Oscillator lines of the 4-hour chart have plunged to the border of the oversold region. It is anticipated that the price will still drop below the current trading level as the price will seek reinforcement on the solid foundation of the $115.00 resistance. Quant is expected to spring back upward immediately towards the $125.25 resistance level.
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