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: December 31
The Quant price forecast is for the market to make use of the robust demand level at $131.00 to rebound towards the $153.50 resistance for a potential breakout.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $142.10, $153.50, $160.00
Zones of Demand: $131.00, $117.60, $96.90
Quant succeeded in executing a bullish reversal formation, which catapulted the price to almost a 45% increase. However, the market has found stiff resistance at $153.50. This caused a pullback to a solid base at $131.00, from which the market is rebounding. The price has now tested the $153.50 resistance twice, and we could see a third test before the end of the week.
Quant Price Forecast: QNT/USD Outlook
Quant successfully initiates a bullish reversal, propelling the price to nearly a 45% surge.
Despite encountering formidable resistance at $153.50, a subsequent pullback finds a sturdy foundation at $131.00.
The $131.00 serves as a launching pad for the market’s rebound. The $153.50 resistance has been tested twice, with the potential for a third test by week’s end.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily chart, the MA Cross has exhibited an upward trajectory since early December, aligning with the breakout from the flag structure and providing consistent support during the market’s retracement. The RSI line’s movement is somewhat ambiguous, fluctuating between the overbought border and the 50 mark.
Examining the 4-hour timeframe, the MA Cross demonstrates lateral movement, with a downward cross countered by a subsequent upward cross. The RSI line hovers just above the 50 mark, displaying fluctuations. Overall, the $131.00 demand level serves as a robust foundation, facilitating market rebounds and potential testing of the $153.50 resistance, with expectations of another test and potential breakout.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, presented product, or event. We are not responsible for your investment 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.
