Quant Price Forecast: June 15
The Quant price forecast is for the market to embark on a rally after it drops to a strong confluence point.
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
The Quant market is currently locked in a tussle between opposing market forces. The price has had to drop continuously under bearish pressure until it hit the $96.90 demand level, ending the bearish session. The bulls are not trying to hijack the market again. So far, the price has risen to violate the descending channel but has dropped back to test a strong confluence, which should spring the coin upward.
Quant Price Forecast: QNT/USD Outlook
The Quant market has been amidst the tussle between opposing market forces. The bulls are now trying to hijack control of the coin after the bearish session comes to an abrupt end.
The market has likewise reacted to the influence of the buyers by breaking out of its descending trendline. However, the price has pulled back for a retest before it continues rallying.
The retest is at the confluence of the $96.90 demand level and the upper border of its former descending channel. The Stochastic has dropped directly from overbought to oversold on the daily chart.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The RSI (Relative Strength Index) indicator shows where the buyers began influencing the market as the RSI line finally defies the middle line under which it has been ranging. However, the RSI line has also dropped back below the middle line on that daily chart
After the price dropped to retest the confluence point, the RSI line dropped to oversold on the 4-hour chart, but it is now gradually rising towards the middle line. The Stochastic Oscillator lines also show similar graduation in the 4-hour time frame. A strong rally awaits the Quant market as the confluence point is expected to shoot the price up.
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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