Quant Price Forecast: February 19
The Quant price dip is contemplating a rise for buyers to recuperate the exhausted bullish momentum. The coin may change direction to the upside if all support levels hold and resistance breaks out of the $153.83 level; we can see a further change in the price to reach the $116.00 and perhaps rise as high as $160.00 level, resulting in a great investment and a good crypto signal for buyers.
Key Levels:
Resistance Levels: $105.00, $106.00, $107.00
Support Levels: $86.00, $85.00, $84.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant price dips are contemplating a rise at the moment on the daily chart. The coin price is currently trading slightly below the moving average lines approaching the resistance trend levels. This is due to the order flow from the short traders.
The coin has been an interference with the sell traders in the previous action and has dropped the price below the supply trend levels in its recent high.
Earlier today, the coin buyers responded to the market after a series of low-dips in the previous action and broke out from the support trend line to a high at the $107.90 value below the EMA line; this is an indication that the bulls are contemplating a rise by returning gradually for an increase in the coin price and to command the QNTUSD’s price actions.
This will give room for the buy investors to influence the price tendency. Thus, a break above the $153.58 high mark would intensify the buying pressure on the cryptocurrency.
Notably, the QNTUSD price is also pointing upwards on the daily stochastic, this suggests that the coin price is contemplating a rise and may likely continue in an upward direction and head toward the $160.00 supply trend lines in the days ahead in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
After contemplating a rise, the high inflows from the buy traders now made the QNTUSD price trades in the bullish trend zone in its medium-term outlook.
The coin price is now trading above the EMA-50 with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.
Pressure from the bulls at the $106.25 high value in the previous action has sustained its upward stability in its recent high.
With sustained buying, the Quant price challenged another resistance zone of $107.59 above the EMA-50, indicating that the coin buyers are contemplating a rise and this attempt may prolong the bullish rally as the 4-hourly chart resumes today.
However, with the broader market still bullish, the potential rise in the crypto price may offer a remarkable gain for the traders.
In addition, the Quant market is likely to grow more as shown by the stochastic oscillator pointing upwards in the oversold area to indicate an uptrend. With the look of things, the bullish rally may therefore head towards the $160.00 high value in no long time as the coin buyers are contemplating a rise on the medium-term outlook.
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