Quant Price Forecast: QNTUSD Is Poised to Push Upward From the Trendline

Quant Price Forecast: December 20

The Quant price forecast is for the bulls to push the price up from the trendline. The goal is to break the $125.25 level and release the market to drive further up.

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

Key Levels:
Zones of supply: $111.00, $155.70, $222.70
Zones of Demand: $20.00 $42.40, $88.70

Having tested the $125.25 resistance level, which also doubles as the upper border of the triangle structure, the Quant market has dropped below the $110.00 price level, back to the trendline. It is expected that the buyers will take advantage and push the price upward. The plan remains to break the resistance level and ride further higher to $227.70.

Quant Price Forecast: QNT/USD Outlook

The Quant market remains on the verge of a breakout that will send the price soaring. The current price action before the breakout sees the coin tapering through a triangle structure.

Presently, the candlesticks have dropped from testing the upper border of the triangle at $125.25. The price now lies at the ascending trendline, which borders the market from below.

The buyers are next in line to influence the price. The Parabolic SAR (Stop and Reverse) dots have lined up above the daily candles due to the price drop.

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

The MACD (Moving Average Convergence Divergence) indicator lines on the daily chart are below the zero level. The histogram bars have switched to bearish ones too. This is the same situation on the 4-hour chart except for the fact that the histogram bars have switched back to bullish as the MACD lines cross upward from below.

Presently, on the 4-hour chart, the Parabolic SAR dots have switched below the candlesticks, and they align with the ascending trendline to give support to the market on its rise back up. All the market indicators are expected to turn positive shortly as the market continues rallying from the trendline. The goal remains to reach $227.70.

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.