Quant Price Forecast: March 7
The Quant price may likely retest the $235.000 high level soon as the crypto is on its way to the upside and we could likely see a further shift in the price to retest the mentioned supply if all the support levels hold in place and resistance broke out of the $192.689 level. QNTUSD price may likely revisit the previous high at $235.000 and possibly extend to a $400.000 high mark at the upside.
Key Levels:
Resistance Levels: $235.200, $235.300, $235.400
Support Levels: $113.000, $112.000, $111.000
QNTUSD Long-term Trend: Bullish (Daily chart)
The Quant market is having a bullish posture in its long-term outlook as can be seen from the chart above. Meanwhile, it also shows the impeding next big move in the price. The recent market structure has favored the bulls.
The order flow by the long traders to the $125.358 high value in the previous action has made the coin price reduce trade in an uptrend in its recent high.
The crypto’s price at the $125.358 value which further increases to the $129.293 supply value which is above the EMA-9 but below the EMA-50 as the daily chart opens today, affirms that the buy traders are actually trading the coin and it is in an uptrend.
Meanwhile, the pair is in an uptrend on the daily stochastic. This suggests a bullish continuation to the upside, this will enable the bulls to continue the ongoing rally and the $235.000 resistance trend line or beyond might be reached soon in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H Chart)
QNTUSD May revisit the $235.000 Supply Level
The currency pair’s orientation trades in a bullish market in its medium-term outlook. The price bar is seen above the EMA-9, but slightly below the EMA-50.
The intervention from the buy traders at the $125.790 in the previous action has made the coin price risen above the supply trend line.
The market value of QNTUSD jumps up to the $129.293 high level shortly after the commencement of the 4-hourly chart today, indicating that positive sentiment is returning to the market. Thus, buyers need to add more pressure to their activities to move the market beyond the current price level.
In addition, the Quant market is showing more upside possibilities as shown by the daily stochastic pointing upwards; we can certainly expect more gains and strength from the coin.
The pair may likely grow to retest the $235.000 resistance level in the days ahead in its lower time frame.
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