Quant Price Forecast: QNTUSD Continues Consolidating in Expectation of a Rally

Quant Price Forecast: December 8

The Quant price forecast is for the buyers to exploit the momentum being generated through the market’s consolidation to push the coin higher.

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

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

The Quant market conditions remain favorable for buyers to act. However, the coin continues to consolidate through the triangle structure. This is deemed an important stage for the Quant market, and it is so that it can slice through the key levels without easily weakening. The buyers are expected to take advantage of the momentum that is being generated by the consolidation process.

Quant Price Forecast: QNT/USD Outlook

The market had earlier suffered rejection at a major resistance level. This is at $227.70 before it dropped back to the ascending trendline.

Nevertheless, the market remains structured for upward movement.
The coin can launch itself upward to continue its rise, but the market has settled instead into consolidation to gain more strength. More impetus will be needed to breach the $227.70 resistance.

The Parabolic SAR (Stop and Reverse) dots are well and closely positioned beneath the daily candlesticks. This shows that the coin is presently in consolidation and is biased toward the bulls.

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

The Elders Force Index, which plunged into a negative value after the coin was rejected at the $227.70 major resistance level, has risen sharply back to equilibrium. This demonstrates the work being done in the background by the buyers to get the market ready for a rally.

Also on the EFI 4-hour chart, the power line has climbed to a positive level and dropped back below as the market continues in consolidation. The Parabolic SAR dots are seen alternating around the candlesticks on the 4-hour chart, although more dots are seen below the candles. At the end of consolidation, the bulls will most likely take advantage of the momentum generated to push the coin upward and assault the $227.70 supply. The aim is to rise beyond that to $352.10.

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.