Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Quant Price Forecast: August 20
The Quant price forecast is for buyers to stabilize the market after a downward breakout before pushing the coin upward again.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $117.60, $149.60, $167.10
Zones of Demand: $96.90, $87.60, $75.50
Despite buyer hopes to reverse Quant price at the $96.90 demand level, persistent bearish pressure emerged, leading to a symmetrical triangle formation. The aim was a breakout above the $117.60 resistance, but the result turned out to be the opposite. Nonetheless, active bulls managed to reclaim the market above $96.90, indicating ongoing market engagement.
Quant Price Forecast: QNT/USD Outlook
Despite initial hopes of a price turnaround from the $96.90 demand level, Quant buyers encountered persistent bearish pressure that led to the formation of a symmetrical triangle.
This pattern indicated an anticipated breakout, aiming for a surge beyond the $117.60 resistance. However, the outcome turned out contrary to expectations, leading to a downside breakout.
Despite this, the active bulls managed to reclaim the market above $96.90. The daily RSI line responded by rebounding from the oversold zone, ascending back toward the 50 mark.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
Concurrently, the Parabolic SAR dots on the daily chart swiftly positioned two dots beneath the candlesticks, symbolizing the recovery above $96.90. Transitioning to the 4-hour chart, the Parabolic SAR (Stop and Reverse) dots still underline the candles and have risen past the $96.90 level.
Meanwhile, the RSI (Relative Strength Index) line exhibited further progress, reaching equilibrium around the 50 mark. These developments indicate that the market is in a state of flux, with buyers actively striving to stabilize the price following the downside breakout.
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.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
