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Quant (QNTUSD) Price Makes a Buy-Trade Setup

Johnathon Fox
01/07/2023 | UPDATED ON: 01/07/2023

Quant Price Forecast: January 7
The QNTUSD price makes a buy-trade setup and remains strong above the supply trend levels. The coin sends a clear bullish signal that the bulls are still strong. If the forces from the buy investors in the market should increase and the coin prices are sustained above the $227.00 resistance level, the ongoing bullish correction may likely extend and plunge prices to the $400.00 supply level trend line and above.

Key Levels:
Resistance Levels: $200.000, $200.100, $200.200
Support Levels: $115.00, $114.00, $113.00
Quant (QNTUSD) Price Makes a Buy-Trade Setup
QNTUSD Long-term Trend: Bullish (Daily chart)
In the long-term outlook, the QNTUSD market still trades in a bullish trend. The sustained bullish pressure at the $113.39 supply level during yesterday’s session actually made it capable for the buy investors to retain the strength.

After a successful breakout and retest of the major supply zones, a buy at this pair is inevitable after rejection.

The bullish momentum continues today as the bulls made an increase with a bullish candle to a high of $114.89 level above the supply trend levels as the daily chart opens today. This, however, will trigger a new bull cycle and a potential buy for the interested buyers.

Similarly, we can as well see the momentum indicator pointing upwards, this means that the crypto may likely continue its bullish ride; we, therefore, expect the price of Quant to possibly hit a $400.00 high mark in the coming days in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)Quant (QNTUSD) Price Makes a Buy-Trade SetupQNTUSD Price Makes a Buy-Trade Setup
According to the chart below the QNTUSD pair portrays a bullish market trend in its lower time frame. The price, wavering above the moving averages indicates the high impact of the bulls.

The buy investors actually made a jump to the $112.81 supply value above the two moving averages during yesterday’s session and sustained it; this really enabled traders to sustain the upward rally.

After resisting the bears, the aggressive move by the bulls pushed the Quant price up to the $114.89 resistance value above the moving average lines as the 4-hourly chart opens today. Thus, the bullish correction at the mentioned supply value returns the buy investors to the market for the next buy setup.

Hence, the daily stochastic indicates an uptrend, therefore, if the coin buyers manage to break above the $125.64 supply trend line, the market participants may witness a new recovery rally which could result in more gains for the buy investors and this may reach a high at $400.00 value soon in its lower time frame.

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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.

View all posts by Johnathon Fox →
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