Quant Price Forecast: November 22
The Quant price forecast is for the market to keep rising steadily, having found a solid base to depend on.
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
QNTUSD is expected to continue a steady movement upward, having found a solid base to rely on. The direction of the coin since dropping to the $42.40 support level has been an uptrend. The price appears to be making higher highs and lower lows consistently. This has resulted in the formation of a dependable upward trend line, on which the market is relying to continue climbing the price ladder.
Quant Price Forecast: QNT/USD Outlook
The Quant Market has a positive outlook. There is a definite upward trend in the price. This started after the bearish round was terminated at the $42.40 key level.
The coin began an uptrend from there, immediately climbing to the next support level at $88.70. The market could have made more headway upward, but a sharp rejection at $227.70 has curtailed the bullish adventure.
Despite the current retracement in the market, the EFI (Elders Force Index) power line has made a sharp turn upward from a negative position. The line is now approaching the equilibrium level, outlining the general bullish market outlook.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The RSI (Relative Strength Index) line, however, has dropped to the borderline of the oversold region and also made a sharp upturn. This speaks of an imminent price rise and is also confirmed by the RSI chart on the 4-hour chart.
The EFI on the 4-hour chart has risen close to the equilibrium line, outlining the general bullish market outlook. QNTUSD is expected to continue its steady upward climb and then return to assault the $227.70 resistance level. Following that, the coin is expected to reach a high of $428.00.
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