Quant Price Forecast: Momentum Is on the Increase as QNTUSD Prepares to Shoot Upward

Quant Price Forecast: December 6

The Quant price forecast is for the market to shoot upward after it breaks its consolidation structure.

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

Key Levels:
Zones of supply: $155.70, $222.70, $428.00
Zones of Demand: $20.00, $42.40, $88.70

The QNTUSD market is currently building momentum, and it is expected to rise. The market remains in an uptrend; however, it has yet to take a rash plunge upward. Instead, the coin has taken time to consolidate its market. After a period, the price has broken the triangle consolidation structure and is now prepared to shoot upward.

Quant Price Forecast: QNT/USD Outlook

The Quant market is still set up for a bullish engagement. However, the buyers would like to push the price up at a faster pace. Therefore, the coin has spent some time consolidating.

Right about now, the consolidation has matured and broken out of the triangular formation. With momentum on the rise, the market is expected to dive in and ride the momentum to a higher price level.

One of the reasons for consolidation is to strengthen the coin enough to break the $227.70 resistance. The Momentum indicator (with a blue line) shows a progressive rise in the market’s momentum.

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

Within the Envelope indicator on the daily chart, the latest progress sees the candlesticks spring off the lower Envelope line, violate the middle line, and push toward the upper line. This is a bullish tactic.

On the 4-hour chart, the candles have also risen from the lower Envelope line and are currently undulating around the middle line, ready to shoot upward. The Momentum indicator line has also taken a step upward as the market prepares to shoot for the moon. The target is $352.10.

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