Quant Price Forecast: QNTUSD Shifts from One Bullish Structure to Another

Quant Price Forecast: April 3

The Quant price forecast is for the market to eventually push up its price after it transitions from the bullish flag to the symmetrical triangle.

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

Key Levels:  
Zones of supply: $155.70, $227.70
Zones of Demand: $101.30, $125.25

The Quant market has switched from one bullish structure to another. The first was a bullish flag, and the current one is a symmetrical triangle. The price could go either way with the symmetrical triangle, but the indicators show that at present, the bulls are stronger and the market is swayed in their favor. Therefore, there is high anticipation that Quant will break through the $155.79 resistance shortly.

Quant Price Forecast: QNT/USD Outlook

The Quant market has just matured and exited a bullish flag formation. Nevertheless, the coin is still having some difficulties shelving the bearish pressure on the market.

Therefore, Quant enters into price accumulation in a symmetrical triangle pattern. This will give the market the necessary push to drive aggressively to break the $155.70 resistance.

Currently, the coin is battering the upper border of the triangle structure in an attempt to break it to the upside. The MA period 30 (Moving Average) has cupped the daily candles from below to push them up.

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

The RSI (Relative Strength Index) line has been undulating around the 50 mark. The line rose to this level with the price surge that helped the coin break out of the flag pattern. Since then the line has been undulating, showing the lack of precise direction as the market accumulates.

Meanwhile, the 4-hour chart shows that the RSI line is still testing the middle line, but this time it is swaying only to and from the bullish half of the chart. As this continues, the MA period 25 on the 4-hour chart is also underlining the 4-hour candles, acting as a support to them in their bid to push through the upper border and the $125.25 key level. When this happens, the price will rise to $155.70.

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