Quant Price Forecast: May 4
The Quant price forecast is for the market to keep trudging on upward till it breaks the $115.00 resistance level and gets more freedom to push higher.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $125.25, $115.00
Zones of Demand: $106.90, $101.30, $88.70
The Quant market has reacted positively to plunging from the triangle structure and has started taking steps to restore itself to its previous price level. The coin is now trudging upward along a trendline. The immediate goal is to rise and hold above the $115.00 level, from which the coin will try to rally toward $125.25.
Quant Price Forecast: QNT/USD Outlook
The bulls have reacted well to getting dumped from the symmetrical triangle system in which they accumulated momentum. The market is trying to rally off the $106.90 demand zone.
There is a clear path set for the price to rise. However, the coin has to rise against the bearish pressure. The immediate goal is to rise and hold above $115.00.
The price has breached the resistance once before falling right back. But being on a rising trend means the price will push higher again. The MA Cross on the daily chart is about to cross upward to confirm the upward flow.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily chart, the EFI (Elders Force Index) power line has made a strong upward movement despite being generally negative. The line has reached just below the zero level, and a break above it will most likely help the price push above the $115.00 level.
On the 4-hour chart, the steps taken by the market will determine if the MA Cross will cross upward. However, all things being equal, we will see an upward cross. The EFI power line is closer to rising above zero as it has fluctuated around it in the past few days. There is high anticipation that the coin will break above $115.00 and start riding toward $125.25.
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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