Quant Price Forecast: February 14
The Quant price will swing up and it is likely to grow more above the current level to bolster the recovery sentiment in the coin market. If all support levels hold and resistance breaks out of the $144.59 level, we can see a further change in the price to retest the $153.83 high value. This may perhaps rise as high as the $160.00 upper resistance trend line, resulting in an intraday gain for the coin traders.
Key Levels:
Resistance Levels: $108.00, $109.00, $110.00
Support Levels: $103.00, $102.00, $101.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The QNTUSD pair is in a bearish scenario in its higher time frame as can be seen from the chart below. Meanwhile, the price will swing up soon as indicated by the daily stochastic.
The order flow by the sell traders at the $101.78 low value in the past few days has made the coin price reduce a bit in price in its recent low.
Today, the bears dropped down the Quant price to a $104.92 low level below the EMA line amid the recent sell-off in the market.
Should the bulls add more energy to their buying forces in the market, the coin price could swing up to a $153.83 supply level which will offer the best crypto signal for potential recovery and provide a higher footing to push the bull rally forward.
In addition, the daily signal pointing upwards indicates that the price of Quant will swing up soon. Should the bulls change their orientation and the buying pressure persists, the coin will give a bullish breakout of the bearish pattern to retest the $153.83 supply level, this may eventually lead the QNTUSD price to the $160.00 high mark in the coming days in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD is in a bullish race in the medium-term outlook. The coin price having rebounded will swing up soon. Buyers also made an upward move to the $105.39 resistance level before the end of yesterday’s session. This gave buyers more strength to continue with the trend in recent times.
The bulls are not relenting, an increase in Quant price to the $106.30 supply value above the EMA-50 as the 4-hour session opens today, shows that the buy traders are on top of the market at the moment and the coin price will swing up soon.
Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction, bolstering buyers for a sustainable rally.
Adding to this, if the buy traders should increase their price action, and bullish momentum is sustained, the QNTUSD price may likely swing up to a significant level at a $160.00 value and beyond in the upside before the close of today. This signals a BUY trade again in its medium-term time frame.
Place winning Quant trades with us. Get QNT here
Leave a Reply