Quant Price Forecast: QNTUSD Keeps Making Progress in an Upward Direction

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RESULTS

Quant Price Forecast: November 21

The Quant price forecast is for the market to continue making progress upward. The price has been consistently making higher highs and lows.

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

Key Levels:
Zones of supply: $42.40, $88.70, $155.70
Zones of Demand: $222.70, $260.00, $352.10

Quant is expected to maintain its steady upward trend. The market has been recovering nicely after a bearish period. The $42.40 support level is the point of reversal where the downtrend was stopped and where the coin began to make a recovery. Since then, QNTUSD has been making progress upward. If not for a harsh rejection at $222.70, the market would have probably risen even higher.

Quant Price Forecast: QNT/USD Outlook

The Quant market dipped unexpectedly and continuously till it reached the $42.40 demand, where the buyers were positioned to overthrow the market, which they did, taking control of it.

The coin immediately rose to the next support level of $88.70. The price attempted to spring even higher, but it met harsh resistance at $222.70. This doesn’t deter the bulls, though, and they keep making progress.

The effect of the rejection at $222.70 is demonstrated by the RSI (Relative Strength Index), whose line plunged back to the oversold border despite the market making a slightly higher low.

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

The EMA period 100 (Exponential Moving Average) remains hanging above the daily candles as well as the 4-hour candles. It is expected that the price will eventually trade above the EMA as the coin continues to make upward progress.

The RSI on the 4-hour chart has dropped into the bearish half of the chart and could be set for an imminent rise, especially as the market has landed on the ascending trendline that gradually carries the price upward. The price is expected to re-test the $227.70 resistance level to break it and rise further.

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