Quant Price Forecast: QNTUSD Keeps Accumulating in Anticipation of a Rally

Quant Price Forecast: November 25

The Quant price forecast is for the bulls to take advantage of the momentum generated through price accumulation to drive the market 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

Despite all conditions being favorable for the QNTUSD market to launch a rally, the price remains in a state of accumulation above the ascending trendline. This is a necessary stage for the coin, however, so that it doesn’t easily get weakened after driving through a few key levels. Eventually, the bulls will take advantage of the momentum generated by the accumulation to drive the price very high.

Quant Price Forecast: QNT/USD Outlook

Before the coin got to this level above the ascending trendline, the market got hit the $227.70 major resistance level in mid-October. This is what plunged the coin to this level. It remains on an uptrend nonetheless.

Now at the ascending trendline, all conditions are favorable for the price to launch upward again, but QNTUSD is taking its time in accumulation and gathering more strength. This is due to the strength of the opposition that awaits the market at the same $227.70.

The dots of the Parabolic SAR (Stop and Reverse) are well and closely placed below the daily candlesticks, indicating price accumulation and a bias for the buy traders.

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

The EFI (Elders Force Index) power line, which dropped deeply into negative territory after the market suffered rejection at $227.70, has risen sharply and swiftly and is almost at the zero level. This shows the amount of work the buyers have put in place to re-orient the market and get it ready for a rally.

Already on the EFI 4-hour chart, the power line has risen to a positive level as the market gets ready for a rally. The Parabolic SAR dots are alternating around the 4-hour candles, though with more dots below the candles. At the close of accumulation, the buyers are sure to take advantage of the momentum created to launch a very strong assault at the $227.70 resistance, with the target set at a higher level above the resistance.

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