Quant Price Forecast: Quant Market Maintains Position Within Bullish Expanding Channel

Quant Price Forecast: November 9

The Quant price forecast says that the QNTUSD market continues to maintain its position within an expanding bullish channel despite a lower-level retest.

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

Key Levels:
Zones of Supply: $86.20, $131.30, $210.20
Zones of Demand: $39.40, $43.80, 87

The Quant market is gradually returning to the strong support level at $131.30 after bouncing off the bullish trendline of the expanding channel.

Quant Price Forecast: QNT/USD Outlook

The Stochastic Oscillator indicates that the QNTUSD is already oversold at the current price level. Towards the tail end of October, the market was oversold. However, it still needs to reach the price support level along the bullish channel.

The True Strength Index has also recently dived to reach below the indicator’s signal line, signaling that the sellers have reached an oversaturated point. This will cause buyers to make another reentry attempt, pushing the Quant price higher again.

The Moving Average Convergence and Divergence (MACD) indicator also indicates that the Quant price level is oversold. The lines are currently around the -2 and -6 levels, showing that the bears have sold until they reach an unattractive price level. Bulls are expected to resume activities as the price returns to its key support.

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

On the lower price chart, TSI and MACD show a deeper dive into the QNTUSD price level. This gives a good indication to bulls, who will be expected to come in en masse at the current discount level.

The Stochastic oscillator, on the other hand, has noted the gradual price return to $131.30. As soon as the price reaches this level, an influx of buyers will be expected, which is expected to trigger a new bullish run.

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