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Quant Price Forecast: December 3
The Quant price forecast is for the market to break out using the current bullish flag reversal pattern. This is anticipated to lead the price to $117.60.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $107.40, $117.60
Zones of Demand: $87.60, $96.90
Quant is shaping up nicely for a bullish flag pattern. This is a reversal pattern that is meant to convert the current bearish tendency into a strong bullish rally. The $107.50 mark has thus far acted as the resistance level. It is expected that at some points, the price will break out of the descending plag channel and rise to also break $107.50, releasing the market towards the $117.60 supply line.
Quant Price Forecast: QNT/USD Outlook
QNTUSD is exhibiting signs of a forthcoming bullish flag pattern, indicating a potential reversal of the current bearish trend toward a robust bullish rally.
The resistance level at $107.50 has been a key focal point, and it is anticipated that the price will eventually break out of the descending flag channel, surpassing $107.50.
The price is likely to then drive towards the $117.60 supply line. The alignment of Parabolic SAR (Stop and Reverse) dots below the latest candlesticks suggests a favorable setup.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
Having ascended to the upper half of the parallel channel, the price is nearing the upper border, creating conditions conducive to an imminent breakout. The Stochastic Oscillator lines have ascended into the buying zone on the chart.
On the 4-hour chart, the Parabolic SAR dots persistently align beneath the candlesticks, indicating a continuous upward surge in price. Meanwhile, the Stochastic Oscillator lines have surged into the overbought region in this shorter timeframe. With the price poised to test the upper border, a breakout towards $107.40 is on the horizon.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, presented product, or event. We are not responsible for your investment results.
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