Quant Price Forecast: February 14
QNTUSD pair at the moment is presenting a buying opportunity as the market is currently running a bullish race. Crypto is facing high pressure from the bulls. Conversely, if the coin prices sustain above the level of $235.000, the bulls’ trend would continue upward and possibly hit the $380.000 upper resistance level.
Key Levels:
Resistance Levels: $220.000, $230.000, $240.000
Support Levels: $128.000, $127.000, $126.000
QNTUSD Long-term Trend: Bullish (Daily chart)
The Quant market turns positive today. The price is strongly trading in a bullish momentum in its higher time frame. This looks nice for the buying trader and signifies a buy signal.
The high bullish impact on the crypto during yesterday’s session has made it possible for the price to remain above the supply trend levels.
The price finds reliable resistance at around the level of $137.979, above the moving average lines as the daily chart opens today. This shows that the bulls are actually trading the coin, and this may prolong the recovery mission resulting in intraday gains.
Additionally, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected of buyers to push the price of QNTUSD further up to a significant level and in this case, the target might be the $380.000 upper supply level in the higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD – Presenting a Buying Time
On the medium chart, prices are above the EMA-9 approaching the overhead resistance, and have confirmed a bullish momentum breaking the previous high. The pair is in a smooth uptrend as can be seen from the chart below.
QNTUSD is losing bearish momentum as it rises to a $136.979 high level above the EMA-9 as the 4-hourly chart begins today. This is due to a high bullish impact on the market price.
Hence, Quant is showing more upside possibilities as shown by the momentum indicator pointing in an upward direction; we can certainly expect more gains and strength from the coin. The pair may likely reach the $380.000 resistance level in the days ahead in its medium-term perspective.
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