Quant Price Forecast: May 23
The Quant price forecast is that the coin to follow up on its reversal candlestick pattern to pump the market.
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
The Quant Market is trying to cause a reversal in its direction. The price has slid to the $101.30 support level. This is a major demand zone from where the coin shot upward, so it is a stronghold for the bulls. There are reversal candlesticks already on display, and the coin begins its upward mobility.
Quant Price Forecast: QNT/USD Outlook
Quant is about to make a reversal, which will set the market to flow against the current bearish tide that has plunged the price since mid-March from the $134.20 resistance level.
The Quant market has been making an up-and-down movement as it slides down along the channel. The price is now set for an upward cycle after it touches down at the $101.30 support level.
The reversal candlesticks on the daily chart, as the price transitions from a downward slide into a bullish zone. The Stochastic has made an upward turn from an oversold position.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The MA Cross (Moving Average) on the daily chart is generally above the candlesticks, having not had sufficient price movement to influence its sliding position. However, on the 4-hour chart, the line is about to make a golden cross upward to confirm the reversal of the market.
The Stochastic Oscillator lines on the 4-hour chart have pushed up seriously towards the border of the overbought region as the price tries to change direction. The buyers will leverage the $101.30 demand level to push the price higher until it breaks out of the descending channel.
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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