Quant Price Forecast: QNTUSD Buyers Will maintain their dominance as prices rise

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Quant Price Forecast: December 2

The Quant price forecast is for the buy-side to continue to dominate proceedings in the market as price accumulates to strengthen before a bullish breakout.

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 Buyers will maintain their dominance as prices rise

The QNTUSD market is expected to continue in an upward direction. The price has already been on an upward trend with higher highs and lows. The latest move sees the coin drop to make a higher low. Quant is poised to retain its upward mobility through the key levels. Nevertheless, the market is first accumulating in the bullish triangle formation.

Quant Price Forecast: QNT/USD Outlook

QNTUSD is currently on an uptrend, and this is due to the high level of work the buyers are putting in behind the scenes. This helps the coin push up against the downward forces.

As the coin pushed up, it encountered strong resistance at $227.70, which caused a rapid drop above $88.70. From here, the buyers have decided to accumulate market shares before rising again.

The MA period 20 (Moving Average) has slipped below the daily candles to help push it up. Meanwhile, the EFI (Elders Force Index) power line has recovered from a dip and climbed above the zero level.

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

The market is expected to eventually break out of the triangle system and drive higher beyond the key level to test the resistance at $227.70. The MA period 20 is currently undulating with the 4-hour candles, but they lie below the candlesticks to help it push upward.

Quant Price Forecast: QNTUSD Buyers will maintain their dominance as prices rise

The EFI power line has recovered to equilibrium, and the line is also undulating about the zero level but with more bias to the positive side. It is only a matter of time before the price breaks the triangle confinement and surges to break the $227.70 barrier and rise above it.

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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.