Quant Price Forecast: July 17
The Quant (QNTUSD) price is showing more jumps ahead at the mentioned supply value. Having finished the downward correction, the crypto might likely continue its upside move if the current support at $102.06 value holds, and the daily chart closes above the $152.00 resistance level, then there is a high probability of the price going up to its recent swing high, which is $168.38 resistance trend line.
Key Levels:
Resistance Levels: $120.00, $119.00, $118.00
Support Levels: $106.00, $105.00, $104.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD is bearish in its long-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages.
The bearish pressure at the $102.06 support level in the past action has made the coin stay below the supply trend levels in recent times. However, this will soon be invalidated as the trend has just resumed its rising pattern but has not yet reached its goal.
The coin has completed its correction and is now set for an upswing. The bulls have decided to shift the trend up after a series of lows shortly after today’s daily chart opens.
As of now, the Quant price is trading at the $104.78 supply mark below the moving averages, showing an intraday gain for the day. The coin’s price has attempted to break out of a long-term trend line with an intense buying force. Hence, a strong push above the $168.38 previous high will offer strong resistance to the crypto price.
However, the market price of QNTUSD is pointing up in the oversold region; this means that the momentum in the coin price will likely remain and continues in an upward move. We can now expect the next jump by the bulls to reach a $400.00 upper resistance level in the days ahead in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
The QNTUSD price is in a bearish move in its medium-term outlook. The prices are seen slightly below the moving averages, this is due to the brief returns of sellers which may soon fade off. 
The interference of the bears at the $102.06 support level in the previous action has made the crypto price trade below the supply trend level in recent times.
The sudden jump in Quant price to the $104.78 high level below the two EMAs as the 4-hourly chart resumes today projects a potential challenge to the resistance trend line. A potential bullish crossover above the previous high of $130.02 moving signal line projects a buy signal.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $111.99 high level, the resulting rally may surpass the $130.02 previous high level and hit the $400.00 psychological level at the upside in the days ahead in its medium-term perspective.
Place winning Quant trades with us. Get QNT here
Leave a Reply