Quant Price Forecast: February 28
The Quant price forecast is for the $125.25 demand level to assist buyers in regaining their positions and also to aid the market rally.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $222.70, $428.00
Zones of Demand: $20.00, $42.40, $88.70
The QNTUSD market is caught up in consolidation after failing to rally beyond the $155.70 resistance level. The coin is seen ranging, with the $125.25 support zone padding it below. The price has been pushed hard to drop below the support line, but the $125.25 demand zone seems up to the task and has repelled the market upward.
Quant Price Forecast: QNT/USD Outlook
The Quant market has thus far been unable to get past the $155.70 resistance level, despite the momentum of the buyers when they came raging after they broke out of the former consolidation.
Thereafter, the price has been bouncing between that resistance level and the $125.25 support zone. Sellers plunged the market forcefully in the previous price drop, but the $125.25 level stopped the drop.
The market is now showing a reversal candlestick as the price prepares for a reversal. The tip of the RSI (Relative Strength Index) has bent upward as the price bounced off the $125.25 support level.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily chart, the Elders Force Index (EFI) recently fell below zero as the price fell below the $125.25 significant support level. But it has been well below the support level on the 4-hour chart. It is set to change as the tip of the 4-hour EFI power line bends upward.
The RSI line on the 4-hour chart has also dipped to the border of the oversold region with the drop in the market. However, as $125.25 remains impervious and has repelled the coin upward, the line of the RSI has bent upward in respect of that. The market is expected to rise toward the $155.70 resistance level.
Place winning Quant trades with us. Get QNT here
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.
- 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.