Quant Price Forecast: QNTUSD Price Is About to Break Out of Asymmetrical Triangle

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Quant Price Forecast: October 30

The Quant price forecast is that the price is ready to break out of the asymmetrical triangle within which it has been moving more recently.

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

Key Levels:
Zones of Supply: $128.10, $145.00, $227.60
Zones of Demand: $39.50, $85.20, $159.60

Quant Price Forecast: QNTUSD Price About to Break Out of Asymmetrical TriangleAs the red eclipse on the above Quant chart captures, the price has been ranging along the support level at $159.00 for some days. This fluctuating motion is anticipated to trigger a bullish overtake of the QNTUSD market.

Quant Price Forecast: QNT/USD Outlook

As the eclipse tool highlights, since July the market has mainly been falling and bouncing off significant levels. It was from these demand levels that the market had its strongest triggers. This initiated the peaks the market has created. So, the recent touchdown at $159.00 can only be expected to lead to the formation of a new high.

The SuperTrend indicator, for instance, maintains that the price of Quant coin is still moving up on the daily chart. This is despite the price having recently dived to retest an old entry-level at around $160.

The Stochastic indicator, although dived down on the 17th, due to the reverse of the price from its last trend direction. The indicator still maintains that the coin price is still in bullish form, which can still be expected to continue with enough buy entries.

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

The Stochastic indicates that the Quant market got oversold at the $159.00 support level. The indicator lines are currently reversing to show a more stable market. The indicator’s lines are at -6 and -13, respectively, at which point the attention of QNTUSD traders will be drawn more to buying.

Quant Price Forecast: QNTUSD Price About to Break Out of Asymmetrical Triangle

The Stochastic, however, indicates that the market is already making for a bullish trend reversal. The indicator’s lines have just crossed above the centerline, indicating that the price will soon reverse upward.

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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.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.