Quant Price Forecast: February 17
The Quant Bulls are making solid progress embarking on a path of recovery, reflecting a positive trend in the crypto market. The coin is moving upward and may likely grow more. If this is achieved and the coin prices sustain above the level of $153.83, the bulls’ trend would continue upward and may hit the $160.00 upper high level, resulting in a buying opportunity and the best crypto signal for the coin investors
Key Levels:
Resistance Levels: $108.00, $109.00, $110.00
Support Levels: $101.00, $100.00, $99.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant Bulls are making solid progress on the daily chart by trading above the $105.64 high level below the supply trend line.
Further, the price is trading below the EMA; which means that it’s in a bearish market zone at the moment while making solid progress to hit the resistance zone.
The price of the cryptocurrency has fallen below the supply trend lines in recent times as a result of the bears’ sustained pressure to the $101.46 support level in the past few days, but it now appears like the bulls are making solid progress as a new corrective move can be seen below the supply levels as the bulls are set to take control and drive us upward.
The QNTUSD market finds a reliable resistance at the $108.23 mark above the EMA-50, resulting in intraday gains as the daily chart resumes today. This suggests that the bulls are making solid progress while they are returning gradually to the market to stage a play.
Thus if this bullish growth pattern is steady, an uptrend line of $153.83 level might be retested soon leading to a better recovery for the coin holders.
Adding to this, the price of Quant indicates an uptrend while pointing upward in the stochastic oscillator, this suggests that the bullish pattern may continue as the coin bulls are making solid progress and this might accelerate to the $160.00 upper resistance mark in the days ahead in its medium-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Bulls Are Making Progress
The Quant pair shows a positive market as the bulls are making solid progress trading above the supply trend levels in the medium-term view. The sustained bullish pressure to the $105.88 high level in the previous action has led to the coin’s recent high.
The price action of QNTUSD at a $108.23 supply level above the moving averages shortly after the opening of the 4-hour chart indicates a high buying level from the bulls and that the bulls are making solid progress. Thus, staying above the moving average will make it possible for the crypto to rise further.
Similarly, the coin price will continue to make solid progress as shown by the momentum indicator pointing up; we can certainly expect more gains and strength from the coin. As a result, the pair may likely reach the $160.00 resistance level in the days ahead in its medium time frame.
Place winning Quant trades with us. Get QNT here
Leave a Reply