Quant Price Forecast: April 10
The Quant price forecast is for the market to try to burst out and set itself free from all limitations.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $134.20, $125.25
Zones of Demand: $101.30, $115.00, $120.60
The Quant market is currently very bullish right now; the latest candlesticks on the daily chart show a strong surge in the price, and it seeks to break the confinement of the triangle structure. It is anticipated that this move will be the final straw to break the camel’s back and then set the coin on an upward adventure.
Quant Price Forecast: QNT/USD Outlook
The Quant market is actively looking for a way to burst out of its triangle confinement. The price has been trapped there for a while and has tapered to the tip of the triangle.
The structure aims to further strengthen the cause of the buyers in their bid to lift the market. The daily candles have surged strongly upward from the lower border of the triangle.
There is positivity among the buyers that the price may burst out sooner rather than later. The Parabolic SAR (Stop and Reverse) dots remain above the candles as the price awaits a breakout.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
Also on the daily chart, the EFI (Elders Force Index) power line has taken a sharp turn upward towards the equilibrium level. Buyers are currently on the offensive, and this could lead to the anticipated burst out. The Parabolic SAR on the 4-hour has immediately reacted to the latest price surge by switching its dots below the candles.
The EFI on the 4-hour chart has not only crossed over to the zero level, but it has also strongly risen in the positive direction. This is a strong indicator that the market is very bullish at this point. It remains to be seen if the coin will bypass the $125.25 key level, which confluences with the upper border of the triangle line. When the coin is positive, it will break out and aim for $155.70.
Note: Learn2.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.
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