Quant Price Forecast: December 12
The Quant price forecast is for a market rally after the coin completes a new cycle of undulation.
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 is observing another undulation cycle before its long-awaited rally. The undulation is taking place in a triangle pattern. The market is going through this phase in an attempt to strengthen itself as much as possible before it takes off to test several key levels, especially the $222.70 resistance level.
Quant Price Forecast: QNT/USD Outlook
The Quant market is all set for a bullish drive, but there is a bit of price accumulation before the buyers set off the market.
The market is making use of an ascending triangle pattern to strengthen itself. The price action is an undulation through the triangle pattern. Currently, another cycle is on course.
There is a strong expectation that the price will rise following this cycle of undulation. The result of the new cycle is that the Elders Force Index line drops back towards equilibrium.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
Also on the daily chart, the Parabolic SAR (Stop and Reverse) dots are now hanging above the candlesticks. This is also one of the results of the back-and-forth movement of the candlesticks. This is also the same on the 4-hours chart, but the dots are expected to switch again soon as the coin rises.
The EFI on the 4-hour chart is also swaying around the zero level. This means that the buyers and sellers are currently even. Nevertheless, when the buyers become ready for a rally, they will swing the market in their favor, and with the momentum generated from price accumulation, they will be able to violate several levels to reach $352.10.
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