Quant Price Forecast: October 4
QNTUSD price is well on its way to the overhead trend lines and the price might head to the $200.00 supply level. The price may perhaps surge higher to retest the previous high of $119.86 and even further if buyers can demonstrate their strength and trade hands with sellers at the current support level of $87.58. Then there is a high probability that the coin price heads to the $200.00 supply level which indeed would be a great buy signal for interested traders.
Key Levels:
Resistance Levels: $100.00, $105.00, $110.00
Support Levels: $91.00, $90.00, $89.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant market is having a bearish posture in its long-term outlook as can be seen from the chart above. Prices are trading below the EMA which has confirmed its bearishness.
As can be seen from the chart, bullish momentum is accumulating on the pair right now and the price might head to the overhead resistance soon.
The sustained bearish pressure at the $87.58 level during yesterday’s session has made the coin price stay below the supply level in its recent price level.
A rise to an $89.92 high level by the bulls shortly after the daily chart opens today affirms the returns of the long traders into the market.
Thus, the price of QNTUSD is set to advance further if the bulls can redouble their efforts and push above the current supply level, the $119.86 previous barrier could be retested, leading to an intraday gain for the coin buyers.
Similar to how the daily stochastic is pointing upward on the daily signal; the QNTUSD price is likely to continue moving north and this might head to the $200.00 supply level soon in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Heading to the $200.00 Supply Level
According to the chart below, the medium-term outlook for the Quant market is in a bearish trend zone. It also indicates the impending next significant price shift which might head to the upper resistance zone.
The $89.64 price level served as a solid resistance for the coin price as a pullback below the two EMAs as the 4-hour session resumes today. Because there is currently a bullish correction in place, it is extremely likely that the bulls will continue climbing.
An additional effort by the bulls could further break the $92.96 previous high resulting in a big turnaround for the coin holders.
Further, the QNTUSD price is pointing up indicating an uptrend on the daily stochastic; it means that the buying pressure will continue. As a result of that, the bullish race might possibly reach the $200.00 resistance level soon in its medium-term outlook.
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