Quant Price Forecast: January 22
The Quant (QNTUSD) pair is well on its way to the resistance trend lines as it remains on the verge of more upsides. If all the current support holds and the bulls should trigger their efforts and break up the $155.57 supply trend line, the bullish correction pattern may likely extend the coin price to hit the $160.00 high mark. Thus, a turnaround and clear buy signal for the coin holders.
Key Levels:
Resistance Levels: $113.00, $114.00, $115.00
Support Levels: $95.00, $94.00, $93.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The QNTUSD chart below indicates that the coin price is on the verge of more upsides. The price bar can be seen below the moving average line, indicating that it is in a bearish trend zone in its long-term outlook. 
The intervention of the sellers to a $12.11 low value on the 18th of January has slowed the pressure from the bulls down in recent times. Notwithstanding, the bulls are not relenting and are preparing for more upsides.
The cryptocurrency at the time of writing has been able to ride up to a $115.77 supply level below the EMA-50 as the daily chart opens today. This however shows that the bulls are about to push us high and the coin price is on the verge of more upsides.
However, trading below the supply level could be a warning sign for the bulls. Therefore, if the bulls should redouble their efforts in the market, more upsides will be achieved.
More significantly, the Quant price is on the verge of more upsides and there is an indication of more positive moves ahead as the market now points up on the daily signal. It is expected that buyers will move the price of QNTUSD upward and turn the coin to a bullish market soon. The $160.00 in the supply area might be reached soon in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price on the Verge of More Upsides
On the medium-term outlook, the crypto is trading in the bearish market zone. The price of QNTUSD is on the verge of more upsides and may commence bullish movement soon if the support level of $114.07 holds.
The bearish pressure at the $113.59 support level in the past few hours has made the coin stay below the supply trend levels in its recent low.
A further rise in the price of the coin by the bulls to a $115.77 high level below the moving averages occurs today during the 4-hour session.
The buy traders could not relent, thus, the recent bounce back at the $115.77 supply level needs more confirmation to rely on. This means that the Quant pair is gaining more strength and a t the verge of more upsides, so the time for the buy session is very near.
Hence, more upsides are likely as the market reaches the oversold region. This means that the selling pressure has ended, we will now be looking at the emergence of more bullish forces in the market as the long traders take us up to a $160.00 significant level in the coming days in its medium-term perspective.
Place winning Quant trades with us. Get QNT here
Leave a Reply