Quant Price Forecast: QNTUSD Adopts a Bullish Formation to Rise Higher and Faster

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Quant Price Forecast: November 29

The Quant price forecast is for the market to reach higher heights in a shorter time as it has started to form an ascending triangle pattern.

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

Quant Price Forecast: QNTUSD Adopts a Bullish Formation to Rise Higher and Faster

QNTUSD still has its orientation to the upside. The price is preparing to shoot upward. There has been some form of price accumulation before, but it is now taking another shape. The market is now forming a bullish triangle. The structure is expected to propel the price high and past the several limitations that lie in wait.

Quant Price Forecast: QNT/USD Outlook

Quant is currently undergoing a price reversal. The pivot point is the $42.40 price on June 18th. Since then, the coin has been on the ascent.

However, a setback occurred on the 18th of October when the price surged upward. The market was contained at $227.70, which led to a drop back to $88.70. Nonetheless, this results in a higher low.

QNTUSD is still on an uptrend. The latest move is that the market is confirming a bullish triangle, pushing the price past the limitations. The Parabolic SAR (Stop and Reverse) dots have aligned below the candles.

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

The RSI (Relative Strength Index) line has bounced off the oversold border and is pushing towards the middle line on the daily chart. Meanwhile, on the 4-hour chart, the lines of the RSI are recording a higher high and higher low. This confirms the upward progress the buyers are making in the background.

Quant Price Forecast: QNTUSD Adopts a Bullish Formation to Rise Higher and Faster

The long rows of Parabolic SAR dots below the candles and above them show the price is tapering in the ascending triangle pattern and is expected to be propelled at the end. The momentum generated will help the coin blast through the $227.70 resistance level to reach a higher price level of around $428.00.

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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.