Quant Price Forecast: Bullish Candlesticks Are Visible as QNTUSD Pushes Up

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Quant Price Forecast: November 23

The Quant price forecast is for the market to continue its rise after the formation of bullish candlesticks on the uptrend line.

Quant Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $155.70, $222.70
Zones of Demand: $42.40, $88.70

Quant Price Forecast: Bullish Candlesticks Are Visible as QNTUSD Pushes Up

QNTUSD is set to begin another round of upward movement after stabilizing above the ascending trendline. The hold of the market above the trendline marks another higher low in the market, and the buyers will be looking to continue that trend. Currently, bullish candlesticks are being formed as the price begins its latest move upward.

Quant Price Forecast: QNT/USD Outlook

The bulls can be said to be currently in control of the market. This means that the coin is set for an increase in its price level. The market is rising using an ascending trendline.

As a result, more consistent highs and lows are being formed. Having made another higher low, the QNTUSD has displayed green candlesticks (bullish) to continue its steady rise.

The EFI (Elders Force Index) power line is rising quickly from the negative position it entered due to retracement. The coin will have to trade above the MA period 50 (Moving Average) to keep up its rally.

QNT/USD Medium-Term Trend: Bullish (4-hour chart)

On the 4-hour chart, the price is on the verge of trading above the MA period 50. When this is done, it will set the market well and truly on course for higher price levels.

Quant Price Forecast: Bullish Candlesticks Are Visible as QNTUSD Pushes Up

In the short term, the EFI power line has returned to a positive value, indicating that buyers have regained control and can push the coin to a higher price level. QNTUSD will be looking to test the resistance level at $227.70.

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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.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.