Quant Price Forecast: March 6
Quant is on the positive side today. The coin price presents a good buy signal at the $123.84 current price level. If the coin price could sustain above the pattern supply trend line at $153.83, the coin price may trigger up to the overhead resistance mark at the $160.00 level, thus a clear buy signal.
Key Levels:
Resistance Levels: $120.00, $121.00, $122.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bullish (Daily chart)
On higher time frames, the QNTUSD price is trending up and also presents a good buy signal. This is obvious because prices are trading above the EMA-50, due to the significant impact of buy investors. The bulls’ high order flow to a $127.90 high level in the past few days has contributed to this bullishness in its recent high.
The Quant price presents a good buy signal at the $123.84 resistance level above the EMA-50 line as the daily chart commences today, showing a promising market trend.
Hence, should the buying pressure persist, and the bulls close the hourly chart above the $153.83 previous high level, the current bullish pattern could lead the market price of QNTUSD to remain stable at the upside and stop any further bearish moves.
In addition, the QNTUSD price indicates an upward momentum on the daily signal, this indicates that the pair will continue to increase to the upsides and this may hit the $160.00 resistance trend mark soon as it presents a good buy crypto signal in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Presents a Good Buy Signal
On the 4-hour time frame, the Quant price also presents a good buy signal at its recent price level. The price bar can be seen above the moving average line, indicating a bullish trend.
The high bullish impact on the crypto at the $125.82 high level in the previous action has contributed to its bullishness and makes it a good buy in its recent high.
Having finished up the lows at the $121.63 level, the price of QNTUSD presents a good buy signal at the $123.84 high mark above the supply levels on the medium-term time frame today, resulting in an intraday gain for the coin traders.
Hence, the coin might jump towards the $132.00 previous high level amid renewed buying momentum if the sell traders reduce their tension in the market.
Further, the Quant price may likely continue in the same bullish trend as the market is pointing up on the daily stochastic. So, the price could be ready very soon for a bullish pattern continuation. In this case, a significant level around the $160.00 supply trend line might be the target soon as it presents a good buy signal in its medium-term outlook.
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