Quant Price Forecast: March 13
Watch out for buy opportunities as the Quant (QNTUSD) price might possibly rise over the present barrier at the $116.430 level. If buyers were to continue their efforts to foresee a bullish increase in the market over the $235.000 resistance level, the $300.00 upper high level might be reached soon.
Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $108.000, $107.000, $106.000
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant price appears to have pulled back a little, but the long-term trend is still bearish. The price bar can be seen below the two EMAs. The coin price was driven down to a low of $108.137 value due to the prior action, which involved sellers.
There was an immediate reversal as a result of price rejection at this level. As the daily chart started today, buyers drove the price higher to the $116.430 resistance mark slightly below the moving averages. This suggests that buyers are returning to the market in order to drive cryptocurrency prices higher and create more purchasing opportunities.
We, therefore, have a bullish bias and believe that if the buying pressure picks up, the market value of QNTUSD will increase even more.
The daily stochastic also indicates that the cryptocurrency is in an upward trend in the oversold area. The closing of a candle above the aforementioned barrier will indicate a potential BUY if the coin purchasers could maintain the price above the $235.000 high mark.
In light of this, the price may pump up or rise in the coming days to reach the $300.000 resistance mark.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Setting Up for an Increase, Watch out for Buy!
Because of the purchase traders’ involvement, the momentum on the medium-term outlook is currently optimistic. The QNTUSD price is also visible above the EMA-9. The price of the cryptocurrency has risen above the supply lines as a result of the earlier action of the long traders at $116.368.
Once the 4-hourly session begins, the coin has risen to the supply value of $114.722, which is above the EMA-9. This suggests that the bulls are preparing to buy the currency and drive its price up to the overhead resistance level. The current correction will be prolonged if the bulls enhance their price action and positive momentum is maintained.
Similar to how the price signal is pointing upward in the oversold section of the price indicator, further upsides are expected in the medium-term forecast. The upward rally may likely approach the $300.000 supply value shortly.
Place winning Quant trades with us. Get QNT here
Leave a Reply