• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

Quant (QNTUSD) Price May Breakup the $155.57 Supply Mark Soon

Johnathon Fox
02/10/2024 | UPDATED ON: 02/10/2024

Quant Price Forecast: February 10
The Quant market at the moment is witnessing an increase in pressure from the bulls. In case the bulls should defend the selling pressure at the $103.04 support level, an increase in the bulls’ momentum may break up the supply mark at $155.57 and this may increase the Quant price to a $160.00 upper high trend line, which indeed will be a turnaround for the coin holders. Thus, a good crypto signal may be recorded by the coin traders.

Key Levels:
Resistance Levels: $104.00, $105.00, $106.00
Support Levels: $99.00, $98.00, $97.00

QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD remains bearish on the higher time frames. This is clear as we can see the prices trading below the EMA-50. Buyers are now involved and may break up the $155.57 supply mark soon to invalidate the bearish trend.
Quant (QNTUSD) Price May Breakup the $155.57 Supply Mark Soon
The bearish pressure at the $103.04 support level during yesterday’s session has made the coin stay below the supply trend levels in recent times.

Today, the Quant price finds reliable resistance at around the $106.71 level as a pullback below the EMA-50, resulting in intraday gains. If the Quant buyers could add more strength to their buying forces, it is likely to break up the $155.57 supply zone.

Adding to this, the price of QNTUSD may break the previous high at $155.57 level as shown by the daily signal which is pointing upwards. This means that there is a possibility of a further increase in the coin price, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level at the $160.00 supply level might be reached soon in its medium-term time frame.

QNTUSD Medium-term Trend: Bullish (4H chart)Quant (QNTUSD) Price May Breakup the $155.57 Supply Mark SoonQNTUSD Price to break up the $155.57 Supply Mark Soon
Due to the inflow from long-term traders, the QNTUSD price is now in a bullish trend in its medium-term perspective. This may break up the $155.57 supply mark soon as the coin market is facing high pressure from the bulls at the moment.

However, the previous action at the $105.69 high level in the past session has sustained the coin price to remain above the trend line in its recent high.

The current price of Quant at the $106.71 supply level which is above the EMA-50 as the 4-hour chart begins today suggests that the bulls remain dominant in the market.

This will give the buy traders the motive to influence the price tendency and this may break up the $155.57 supply mark which could bolster the recovery pattern for better and higher gains.

Additionally, pointing upwards on the daily price projector shows a high possibility for the price increase. Then, there is a high probability of the coin price breaking up at its recent swing high, which is $155.57; this may increase to the $160.00 supply mark in the coming days in the medium-term outlook.

Place winning Quant trades with us. Get QNT here

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « Lucky Block Price Prediction: LBLOCKUSD Attempting the Next Big Bounce
Next Post: USDCHF Price Seeks More Bullish Action »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US