Quant Price Forecast: QNTUSD Reverts to Former Demand Level for Strength
Login

Quant Price Forecast: QNTUSD Reverts to Former Demand Level for Strength

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Quant Price Forecast: May 7

The Quant price forecast is for the coin to gain strength from the former $101.30 support level. The buyers are expected to take control of the market from here.

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

Key Levels:
Zones of supply: $134.20, $125.25, $115.00
Zones of Demand: $101.30, $87.56, $76.10

Quant Price Forecast: QNTUSD Reverts to Former Demand Level for Strength

The Quant Market has reverted to a major demand level of $101.30. At this level, the price began a strong rally that took it to $155.70. The buyers have dropped back to this level after various attempts to regain dominance in the market failed. The buyers are, however, very confident that the market will regain strength and take off from here, back towards $125.25.

Quant Price Forecast: QNT/USD Outlook

The Quant buyers have been trying to regain control over the market. The plunge started at the beginning of the year when the price couldn’t pass the $155.70 supply zone.

At different points, the bulls attempted to seize back control using key levels, trendlines, and a symmetrical triangle system, but the price still plummeted each time.

This has led the market back to a former support level, a stronghold for buyers. The EFI (Elders Force Index) line has since plunged below the zero level and remains at a negative value due to the return of the price to the support level.

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

The MA period 25 (Moving Average) aligned with the $115.00 resistance level to prevent the price from rising before it dropped back to the $101.30 demand level. The coin has to trade above the MA when the bulls get stronger to push upward.

Quant Price Forecast: QNTUSD Reverts to Former Demand Level for Strength

The indicators on the short time frame are replicas of those on the daily chart. The EFI line has slipped below the zero level into a negative value. The MA period 25 remains aligned above the candlesticks. However, having dropped to $101.30, where the market began its major rally, the buyers are confident of finally regaining market control and pushing first to $125.25.

Place winning Quant trades with us. Get QNT here

NoteLearn2.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