Quant Price Forecast: QNTUSD Remains Within the Rallying Purview Despite a Pullback

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Quant Price Forecast: December 7

The Quant price forecast is for the market to finally make the big break after some more tapering movement.

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

Key Levels:
Zones of supply: $155.70, $222.70, $428.00
Zones of Demand: $20.00, $42.40, $88.70

Quant Price Forecast: QNTUSD Remains Within the Rallying Purview Despite a Pullback

The QNTUSD market is setting itself up for a bullish drive. Despite the price being on a bullish plane, the coin will not make a rash movement. It is taking its time to consolidate the strength that it plans to unleash. This will help the coin bypass the seemingly impossible price levels.

Quant Price Forecast: QNT/USD Outlook

The Quant market is still bullish. However, the buyers are biding their time. before continuing its upward trend.

The $227.70 resistance level is a major reason why the coin is taking its time to consolidate. The price was previously rejected, and the buyer is attempting to avoid the same outcome.

The price has recently dropped back into the triangle and below the EMA 30-period (Exponential Moving Average) as the buyers would like the market to mature more before the rally.

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

The MACD (Moving Average Convergence Divergence) lines on the daily chart remain on the rise, with strong bullish histogram bars accompanying them. Its rise may have slowed down now that the candles have dropped back into the triangle structure, but it will continue its rise once the bulls kick off again.

Quant Price Forecast: QNTUSD Remains Within the Rallying Purview Despite a Pullback

 

This has begun to play out on the MACD chart on the 4-hour chart. The lines that had hitherto risen above the zero level have plunged back below it into a negative value. The histogram bars have switched to bearish ones. A bounce off the lower border of the triangle will potentially set the coin on its rally toward $352.10.

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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.