Quant Price Forecast: QNTUSD Approaches a Strong Convergence Point, Which Will Likely Propel the Market

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


Quant Price Forecast: December 13

The Quant price forecast is for the market to get the much-needed push to start its upward movement from a strong confluence point.

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: QNTUSD Approaches a Strong Convergence Point, Which Will Likely Propel the Market

Quant is very likely to get its much-needed upward thrust when it lands on a major confluence point in the market. The confluence point is the $111.00 demand level crossing the ascending trendline. The $111.00 support line was responsible for keeping the price below that level at one point, but it has now been converted to a support level. Meanwhile, the price remains obedient to the trendline.

Quant Price Forecast: QNT/USD Outlook

The Quant market is still in the process of engineering a strong upsurge. It is done by tapering through an ascending triangle pattern. This process has lasted for more than a month now.

As the price approaches the tip of the bullish triangle, the candles are also approaching the confluence point at which the ascending trendline crosses the $111.00 support level (which has kept the market up).

As the market approaches the confluence point, the Stochastic Oscillator lines have dropped towards the oversold region. This creates an ideal scenario for the price to skyrocket at the confluence point.

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

The market is currently bordering the 30-period MA (Moving Average) and is set to trade below it. However, we can expect that the MA period 30 will not be able to resist the market and will most likely drop back below the trading level of the market immediately after it shoots off the confluence level.

Quant Price Forecast: QNTUSD Approaches a Strong Convergence Point, Which Will Likely Propel the Market

On the 4-hour chart, the MA period 30 is mostly fluctuating through the market and has risen above the trading level. Meanwhile, the Stochastic lines have just bounced off the overbought borderline downward. If all of the pieces fall into place, the coin is expected to spring off the confluence zone and charge headlong toward the $227.70 resistance.

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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

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.