Quant Price Forecast: November 7
Quant price forecast is that the QNTUSD price will have to touch down on the demand level at $135.870 to resume its uptrend.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of Supply: $86.20, $109.70, $209.40
Zones of Demand: $39.40, $44.10, 135.90
Ever since the Quant market lost the momentum that drove it above $200 on the 17th, the market has been looking for a stable support level. And the $136 level appears to be a strong point from which the market can bounce back up.
Quant Price Forecast: QNT/USD Outlook
The Relative Strength Index indicates that the market has gone off its bullish trend as the indicator lines have crossed below the center. This will be in line with the market’s move to revisit a lower price level to accommodate more buyers.
The True Strength Index also, made a nosedive toward the signal line but has yet to cross this line. This is because the market has only moved to retest and continue its upward trajectory. Hence, the indicator is yet to consider the downward motion an exact bearish trend.
Furthermore, despite the recent price retracement, the Quant market is considered bullish by the 89-period SMA (simple moving average). The SMA mutes the effect of trend fluctuations, as the price is still largely considered bullish.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the 4-hour chart, TSI indicates that the QNTUSD market is currently oversold, as the indicator has moved below its signal line. More buyers will see this as a very appealing entry point for purchasing trades.
On the other hand, the RSI has only made a further decline toward its base. It has, however, yet to reach an oversold point. But with other indications considered, the market can be expected to continue its sojourn to the nearest support level, from where a major bounce back could be expected.
Place winning Quant trades with us. Get QNT here
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.