Quant Price Forecast: March 15
The Quant price forecast is for the coin to shoot upward after it drops back to retest the upper border of its descending channel.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $101.30, $125.25
Quant has successfully broken out of the descending channel (flag pattern) and is set for more bullish moves. However, the market has dropped back to the border of the descending channel to test it. Afterward, the coin will shoot upward toward the $155.70 resistance level.
Quant Price Forecast: QNT/USD Outlook
The Quant price has been conducted downward via a descending channel from late January until early March. In March, the buyers gained the momentum to push hard for a breakout.
Therefore, the price has successfully breached the channel and reached the immediate level above the channel at $125.25. However, the price is now retracing before an upsurge.
The Parabolic SAR (Stop and Reverse) dots remain below the candlesticks on the daily chart despite their retracement back to the border of the descending channel (flag), signifying an ongoing bullish intention.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The MACD (Moving Average Convergence Divergence) lines, which crossed upward on March 12, continue the uptrend on the daily chart despite the ongoing retracement. In the short time frame, the MACD lines have crossed downward with a single bearish bar accompanying it to show retracement.
The Parabolic SAR dots in the short time frame have switched above the candlesticks as the market drops back to the upper border of the descending channel. After touching the border, Quant is expected to begin an upward movement from here on out, driving the price to $155.70.
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