Quant Price Forecast: June 3
Quant market is in a good buy at the $119.86 resistance value today. The coin remains in a positive side as it is now making its way towards the overhead resistance trend levels at the moment. If the coin price could sustain above the pattern supply trend line and breakup the $163.14 previous high level, the coin price may trigger up to the overhead resistance mark at the $400.00 level, thus a clear buy signal.
Key Levels:
Resistance Levels: $180.00, $190.00, $200.00
Support Levels: $100.00, $109.00, $108.00
QNTUSD Long-term Trend: Bullish (Daily chart)
Quant price is bullish on the higher time frame. The price bar can be seen above the two moving averages, this is due to the high impact from buyers.
The high order flow from the bulls to the $117.86 in the past few days also added to this bullishness in its recent high. However, the bulls are now set to further swing up the coin price to the upper resistance zone.
The current price of the pair at the $119.86 high level above the two EMAs as the daily session opens today indicates an uptrend in the context of the strength of the market. This gives room for a more bullish impact in the market at the moment.
Further, the QNTUSD indicates an upward momentum on the daily signal, this implies that the pair will continue to increase to the upsides and this may get to the $400.00 upper resistance trend mark soon which indeed will be a great opportunity and a clear buy signal for the coin buyers in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD is showing more bullish impact in its medium-term time frame. The bulls are having the market at their disposal at the moment. 
The bullish pressure at the $117.10 supply level in the past few hours has sustained the crypto price above the trend levels in its recent high.
The bulls made an aggressive move up with a long bullish candle to the $119.86 resistance level above the two EMAs shortly after the 4-hourly chart opens today. This however makes it capable for the coin to rise further. Trading above the moving averages will enable the market value of Quant to keep pushing up.
Similarly, the price signal which is pointing upwards indicate that the trend will remain in an uptrend, if buyers should intensify their tension in the market and the prices break above the current resistance trend line, a bullish trend continuation to the overhead resistance of $400.00 is possible soon in the medium-term outlook time frame.
Place winning Quant trades with us. Get QNT here
Leave a Reply