Quant Price Forecast: QNTUSD to Strengthen at the Confluence Zone

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Quant Price Forecast: December 18

The Quant price forecast is for the buy-traders to strengthen themselves after the price drops to a confluence zone. QNTUSD is expected to react sharply by springing up from the confluence zone.

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

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

Quant Price Forecast: QNTUSD to Strengthen at the Confluence Zone

QNTUSD remains structured for an upward drive as the price is currently tapering in a bullish triangle pattern. At present, the coin is about to create another crest after failing to break the triangle resistance at $125.25. Nevertheless, the dip of the coin is toward a confluence zone where the $111.00 significant level crosses the ascending trendline. QNTUSD is anticipated to receive strength to spring upward from here.

Quant Price Forecast: QNT/USD Outlook

The coin began its upward trend after it halted a bearish regime at $42.40 in mid-June. Since then, the price has been increasing via a trendline.

The uptrend of the price records consecutive higher highs and lows as it bounces up the trendline. This continued till it hit a limiting level of $227.70. Nevertheless, the coin maintains its upward pattern.

However, the price is not accumulating at the trendline before another upthrust and presently, its candles have dropped to a confluence point. The Stochastic lines react by dropping into oversold.

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

The Stochastic Oscillator lines on the 4-hour chart have followed likewise in plunging deep into the oversold region caused by the dip of the price. This also means the market is ready for an immediate rise which will be caused by the confluence zone to which it has dropped.

https://learn2.trade/quant-price-forecast-qntusd-buyers-are-increasingly-weakening-the-125-25-supply

The Momentum indicator is seemingly unaffected by the drop in price, and it remains to trend in a sideways movement both on the daily chart and on the 4-hour chart. This is expected to change as soon as there is a trigger that pushes the price upward. QNTUSD will be focused on breaking the $227.70 supply before reaching higher prices.

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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.