Quant Price Forecast: March 9
The Quant price suggests a buy signal at the moment as the cryptocurrency is facing high pressure from the bulls. The price action is on its way to the upper resistance trend lines and an opportunity for long investors. Conversely, if the coin prices sustain above the previous high of $153.83, the bulls’ trend would continue upward and might hit the $160.00 upper high level. Thus, a turnaround and clear buy signal for the coin holders.
Key Levels:
Resistance Levels: $128.00, $129.00, $128.00
Support Levels: $111.00, $110.00, $109.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The Quant market turns positive today. The price suggests a buy signal as it is strongly trading in a bullish momentum in its higher time frame. This looks nice for the buy trader and signifies a buy signal at the current price level.
The cryptocurrency price has been above the supply trend levels since its most recent high due to the persistent bullish pressure over the last few days.
With sustained buying, the coin price challenged another resistance zone of $130.70 above the moving average line as the daily chart resumes today, indicating buyers’ attempt to prolong the bullish rally.
Additional efforts by the bulls to the retest $153.83 previous swing high would invalidate any further bearish thesis and encourage more buyers to prolong the potential rally.
Next, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected of buyers to push the price of QNTUSD further up to a significant level and in this case, the target might be the $160.00 supply level as the coin price suggests a buy signal in the higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Price Suggests a Buy Signal
On the medium-term chart, prices of Quant are above the moving average line suggesting a buy signal, and have confirmed a bullish momentum breaking the previous high. The pair is in a smooth uptrend as can be seen from the chart below. Pressure from the bulls at the $126.95 high value in the previous action has sustained its upward stability in its recent high.
QNTUSD is losing bearish momentum as it rises to a $130.70 high level above the moving average as the 4-hourly chart begins today.
This suggests a buy signal and acts as an additional layer of support for the coin to sustain the recovery trend. More gains are possible if the bulls can put extra effort into the price action.
Hence, Quant is showing more upside possibility as shown by the momentum indicator pointing upwards. We, therefore, expect more gains and strength from the coin. The pair may reach the $160.00 upper resistance level sooner as it suggests a buy signal in its medium-term time frame.
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