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Quant Price Forecast: December 24
The Quant price forecast is for the market to resume its bullish movement after re-strengthening below the $142.10 key level.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $142.10, $149.60, $160.00
Zones of Demand: $131.00, $117.60, $96.90
The Quant market has completed the bullish resurgence that it has been building it met strong resistance at $107.40. The coin has had to structure into a bullish flag which is a bullish reversal formation. This has helped the coin eventually navigate through $107.40 and then through $117.60. The price has now surged through to $142.10 just before Christmas day. Quant will now be looking for more upward movement.
Quant Price Forecast: QNT/USD Outlook
QNTUSD concludes a robust bullish resurgence, overcoming formidable resistance at $107.40.
The coin strategically forms a bullish flag, a reversal pattern, facilitating its breakthrough beyond $107.40 and subsequently surpassing $117.60.
Just ahead of Christmas day, the price achieves a significant surge to $142.10, setting the stage for potential further upward movements in Quant.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The Stochastic Oscillator lines undergo a notable transition from oversold to overbought territory, signifying increased momentum. The Elders Force Index (EFI) power line, previously hovering around the zero level, experiences a substantial upward leap.
On the 4-hour chart, Stochastic Oscillator lines oscillate around the overbought border as the price consolidates just below the $142.10 resistance level. The EFI power line exhibits a slight downward bend in response to the temporary halt in price ascent. Despite this, market control remains in the hands of bulls, potentially paving the way for a continued upward push toward $160.00.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, presented product, or event. We are not responsible for your investment results.
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