Quant Price Forecast: QNTUSD Stops Retracement, Rises Towards Supply Level

Updated:

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.


Quant Market Forecast: February 2

The Quant market forecast is for the price to drive aggressively toward the weekly supply level after it altered its direction to the upside.

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

Key Levels:
Zones of supply: $155.70, $227.70, $260.00
Zones of Demand: $101.30, $115.00, $125.25

Quant Price Forecast: QNTUSD Cuts Retracement, Rallies Up

QNTUSD has cut short its retracement and is pushing hard toward the $155.70 resistance level. The price has been testing the resistance level to no avail recently. It is expected that this sharp price increase will hit the resistance level with much more intensity, which is likely to split open the resistance and allow the market to rise higher as it has aimed to do for a while.

Quant Price Forecast: QNT/USD Outlook

The bulls certainly have more control over the market than the bears. However, the price has been restricted from rising above the $155.70 level.

The coin price has risen beyond this level before, up to $227.70, where it was rejected and dropped, but at this point, it is taking some time for the price to go beyond it.

The market is rising aggressively again toward supply after suddenly altering its retracement. The price has bounced off the EMA period 20 (Exponential Moving Average) and is moving toward $155.70.

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

The MACD (Moving Average Convergence Divergence) indicator lines are high above the positive zone. The line crossed downward when the market was retreating to the support level. However, with the altering of the market trend back upwards, the line will not drop below the zero level and instead, rise.

Quant Price Forecast: QNTUSD Cuts Retracement, Rallies Up

The MACD line on the 4-hour chart has dipped into a negative value and is now retracing its movement back above the middle line. Bullish histogram bars are formed already. Quant is expected to test the $155.70 resistance level with greater intensity. The buyers are hoping to cross over at this time and rise towards $227.70.

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
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • 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
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.