Quant Price Forecast: December 11
The Quant price forecast indicates that the market will make its long-awaited breakout after it ranges closer to the tip of the bullish triangle.
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 is now on the verge of a breakout after it ranged closer to the tip of its bullish triangle pattern. The buyers have been stalling on driving the market out just yet as they seek to complete the triangle pattern. Energy is being stored as the market keeps ranging. That energy will be unleashed when the price finally breaks out.
Quant Price Forecast: QNT/USD Outlook
The Quant market has been on an uptrend since mid-June. The price was getting stronger as it rose, bypassing the key levels and making higher highs and lows.
This continued until there was a reality check at $222.70 when the price was disallowed from rising further. The excitement has been curtailed after that, though the coin is still structured for a rise.
The ATR (Average True Range) indicator shows that the price volatility has hit a dip since the market was disallowed at the $222.70 resistance level.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
As shown vividly on the 4-hour chart, the price is now undulating through a bullish triangle chart where the market is accumulating strength. This started when the price dropped back to the $110.00 support level around mid-November, and it has continued until now.
As the price accumulated, the stochastic oscillator lines fluctuated between highs and lows. This is replicated on the 4-hour chart as well. All the while, the ATR line is laying low. It is expected to jerk upward when the coin breaks out. The $222.70 will be tested, and the price will rise beyond that if it is broken.
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