Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Quant Price Forecast: November 5
The Quant price forecast is for the market to push higher to $107.40 after retesting the $96.90 support level.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $107.40, $117.60
Zones of Demand: $87.60, $75.50
The Quant market is rallying after retesting the $96.90 resistance level. Ever since the year’s second quarter, there has been a tussle for the market between bullish and bearish forces. However, the bears have dominated the market mostly, gradually plunging the price to a level below $87.60. At this point, the buyers seemed to get a momentum boost that drove the market up to $107.40. Currently, the buyers remain in control; the retest of the $96.90 support level is for a higher price rally.
Quant Price Forecast: QNT/USD Outlook
The Quant (QNT) market is poised for a rally after its retest of the $96.90 support level. The second quarter of this year witnessed a persistent tug-of-war between bullish and bearish forces within the market.
Predominantly, the bears held sway, gradually pushing the price below the critical threshold of $87.60. However, at a certain juncture, the buyers gained momentum, propelling the market to reach heights of $107.40.
Presently, the buyers maintain control, and the retesting of the $96.90 support level signifies the potential for an extended rally.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily chart, the price’s ascent to $107.40, followed by a retracement to $96.90, has prompted the Parabolic SAR (Stop and Reverse) dots to shift above the candlesticks. Additionally, there is a notable retreat of the Stochastic Oscillator lines from an overbought position to a midpoint position, indicating potential price adjustments.
Zooming in on the 4-hour timeframe, the Parabolic SAR dots have converged beneath the candlesticks, aligning with the rebound from the $96.90 support level. Concurrently, the Stochastic Oscillator lines have surged significantly into overbought territory, underscoring the market’s initiation of a rally toward the $117.60 level.
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.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.