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Quant (QNTUSD) Price Asserts a New Bullish Cycle

Johnathon Fox
04/10/2023 | UPDATED ON: 04/10/2023

Quant Price Forecast: April 10
QNTUSD price asserts a new bullish cycle as the cryptocurrency maintains a stable upside moves today. Thus, if buyers eventually wrestled trend control from sellers and sustain the price above the $0.003560 supply value, the bullish momentum might possibly drive the coin price to a high at the $0.2000 upper resistance trend line.

Key Levels:
Resistance Levels: $200.00, $200.10, $200.20
Support Levels: $116.00, $115.00, $114.00
Quant (QNTUSD) Price Asserts a New Bullish Cycle
QNTUSD Long-term Trend: Bullish (Daily chart)
It’s pleasing to see a strong buying reaction from the QNTUSD price in its long-term outlook. The price bar can be seen above the two EMAs, this simply means that the coin market price is in an upward trend. Thus, the recent market structure has favored the bulls.

The coin buyers responded to the market after the interruption from the sell traders at the support level during yesterday’s session and break out from the support trend line at the $116.41 value to a high at the $131.06 supply mark above the moving average lines; this is an indication of more forces from the buy traders and bullish commitment.

Further, if the Quant buyers could hold and close the daily chart above the $235.00 high mark, a potential BUY signal will be attained.

Additionally, the coin price signaled an upward direction as indicated by the daily stochastic. This implies that the bullish correction pattern may likely continue and as a result the coin price could pump or surge upsides to hit the $400.00 upper resistance trend line in the days ahead in its long-term outlook.

QNTUSD Medium-term Trend: Bullish (4H Chart)
The QNTUSD pair showed a clear bullish rally and a surge above the moving averages, this indicates an uptrend and growth in bullish momentum in its medium-term time perspective.
Quant (QNTUSD) Price Asserts a New Bullish Cycle
The coin price which rises from the $106.24 value up to the $131.06 high level above the moving averages shortly after the 4-hourly chart opens today indicates that bulls are more active in the market at the present. However, the higher price injector attached to the retest candle reflects a high impact on the bullish commitment.

Meanwhile, further upsides are likely as the price signal is pointing upward, this means that the upward rally will still continue and may likely hit the $400.00 supply value in the coming days in the medium-term outlook.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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