Quant Price Forecast: QNTUSD Price Is Expected to Resume Uptrend Soon

Quant Price Forecast: November 2

The Quant price forecast says that the QNTUSD price is moving to retest the price of $147.40 after about 6 days of consolidation.

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

Key Levels:

Zones of Supply: $128.10, $159.60, $227.60

Zones of Demand: $39.40, $86.20, 161.80

It is assumed that the Quant price is creating a wider gap for the bulls at an equilibrium price of $147.40. This move is expected to be a retest and rebound move after the market touches down on that support level.

Quant Price Forecast: QNT/USD Outlook

Although the market has retested the lower trendline about four times, it has rebounded upward at every point. However, on July 25, the market, although it failed to retest the trendline below, still managed to resume its bullish path.

This time around, the market is expected to make the same move, as it has already settled at the equilibrium price of the last trend. What confirms this is the indication by Stochastic indicator that the market is already oversold at the current level.

The Average Directional Index is at 26.10, showing that the trend is weakening. As the bearish pressure behind the drop has waned.

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

The ADX indicator on the 4-hour timeframe shows an extremely oversold market. The buyers of Quant could at this point expect an upward push in the price as sellers have retreated in their resolve.

The Stochastic Oscillator indicator, on the other hand, has its lines on the edge of the centerline, marking a possible reversal from the price dive. The Quant price can be expected to resume its uptrend after this timeout.

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