Quant Price Forecast: April 5
The Quant price forecast is for the coin to break out of its triangle structure imminently and push its market towards $155.70.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $134.20, $125.25
Zones of Demand: $101.30, $115.00, $120.60
There is high anticipation around the Quant market, as the buyers expect the price to explode very soon. The accumulation has been ongoing for the past 3 weeks, and the candles have now reached the tip of the triangle, so a reaction is imminent. Currently, a strong bullish candlestick is seen trying to drill a way through the barriers on the way to $155.70.
Quant Price Forecast: QNT/USD Outlook
The Quant market went from a bullish flag system to a symmetrical triangle formation immediately. This is an action of the buyers to ensure the price sheds its rustiness and drives higher.
The accumulation in the triangle structure has spanned about three weeks, stretching back from March 14th. It is now time for the price to break out in its anticipated upward direction.
At present, a strong bullish candlestick has risen above the upper border of the triangle. Momentum has been undulating, and the Momentum indicator shows another increase.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The bullish candlestick on the daily chart has risen above the upper border of the triangle but is below the $125.25 level. Furthermore, the MA period 25 (Moving Average) on the timeframes has wedged between the bullish candlestick and the $125.25 level. Once broken, the price will weaken the resistance level.
The Momentum indicator on the 4-hour chart is also undulating; however, we can see that the line is making consistently higher highs, therefore showing a general increase in momentum. There is high anticipation that the coin will break out imminently and drive toward the $155.70 major resistance level.
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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