Quant (QNTUSD) Buying Time Is Now, Go Long!

Quant Price Forecast: May 17
The Quant (QNTUSD) buying time is now as the cryptocurrency is currently running a bullish race facing high pressure from the bulls. The coin may likely grow more and be an opportunity for the long investors. Having finished the downward correction, if the coin prices sustain above the level of $163.14, the bulls’ trend would continue upward and may possibly hit the $400.00 upper high level, resulting in a buying opportunity for the coin investors.

Key Levels:
Resistance Levels: $170.00, $180.00, $190.00
Support Levels: $109.00, $108.00, $107.00

QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair is in a bullish market zone in its higher time frame as can be seen from the chart below. The price is currently recovering and trades above the EMA-9 approaching the overhead resistance. This is an indication of an uptrend.

The bullish reversal at the $106.92 high value in the previous action has sustained the crypto above the trend line.

The crypto’s price rises to a $109.86 supply level above the EMA-9 after the recent threat of increasing. However, the price pattern warns of prolonged buying with the double bottom forming in the long-term chart. So, should you avoid buying this hike?

Next, 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 Quant further up to a significant level and in this case, the target might be $400.00 supply level soon in the higher time frame.

QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Buying Time Is Now, Go Long!
On the 4-hourly chart, prices are above the moving averages 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.

The increase in the momentum by the bulls at the $106.77 supply value during the past action has enabled the Quant price to stay strong above the resistance lines in its recent high.

QNTUSD is losing bearish momentum as it rises to a $109.86 high level above the moving averages as the 4-hourly chart begins today. This is due to a high bullish impact on the market price.

Similarly, the coin price is showing more upside possibility as shown by the momentum indicator pointing up; we can certainly expect more gains and strength from the coin. The pair may likely reach the $400.00 resistance level in the days ahead in its medium time frame.

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