Quant Price Forecast: QNTUSD Rises with Serial Bullish Candles

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RESULTS

Quant Price Forecast: February 16

The Quant price forecast is for the coin to keep growing stronger after it finally makes a U-turn from the $125.25 demand level.

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

Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $225.25, $101.30

The $155.70 resistance level has proved impervious to the market. Hence, QNTUSD has opted for a retracement back to its former resistance level of $125.25. At that point, more traders took the opportunity to invest in the coin at a low price. This has in turn set the market off as it takes a U-turn and starts pushing upward gradually back to the $155.70 resistance level.

Quant Price Forecast: QNT/USD Outlook

Quant bulls rose strongly from a previous consolidation zone. The price was able to break the barriers until it reached the $155.70 resistance level, where the coin suffered rejection.

Thereafter, the market pulled back to its former resistance level of $125.25 to have more traders invest in it at a lower price. This is paying off as the coin makes a U-turn at the former resistance level.

The market is now growing stronger as it keeps rising. One of the reasons for the immediate rise in price is that the lower Bollinger Band acted as an extra layer of support for the market.

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

The ATR (Average True Range) indicator on the daily chart suggests that the price increase is systematic and gradual, as it comes with low volatility. This is indicated by the ATR line, which keeps dipping. Even on the 4-hour chart, the volatility level is wobbly and generally low.

Nevertheless, the coin has risen high enough to stretch the upper Bollinger Band on the 4-hour chart. Overall, this shows the gradual, continuous, and committed pattern of movement in the market. Quant is expected to rise to test the $155.70 resistance level in this manner as well, to break through it.

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