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Quant Price Forecast: August 27
The Quant Price forecast is for the market to make a renewed, determined push towards the $117.60 psychological level.
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
After a false breakout and a subsequent breakout to the downside, the Quant buyers are beginning to regain themselves and push the price toward the $117.60 psychological level. Before the coin ascends to $117.60, though, it will have to cross $107.40. Although the $107.40 level over the past three months has had no significant influence on the movement of the price, the buyers need to be unwavering in their upward march.
Quant Price Forecast: QNT/USD Outlook
Quant is currently in the process of making a determined push toward the significant psychological level of $117.60. Following a false breakout and subsequent downside breakout, the buyers in the Quant market are now regaining momentum.
The bulls are set to propel the price towards the $117.60 level. However, before reaching the aforementioned level, the coin must surpass the $107.40 mark.
Although this particular level has exhibited a relatively minor impact on price movement over the past three months, the buyers must remain steadfast in their pursuit of upward movement.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
Observing the Parabolic SAR (Stop and Reverse) indicator, it is evident that the dots, initially alternating around the candlesticks, have now solidified their position below the candles. This strategic move by the bulls reflects their deliberate efforts to approach the $117.60 milestone. Additionally, the Stochastic Oscillator lines have ascended considerably into the overbought region, signaling a positive advancement in the bullish trajectory.
As depicted in the 4-hour chart, the price’s ascent towards the $107.40 level has encountered a temporary pause. Consequently, the Stochastic Oscillator lines have retraced to the oversold boundary, and the Parabolic SAR dots have shifted above the candlesticks. Should the coin fail to breach the $107.40 level, it might lead to a phase of accumulation in the market.
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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