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 19
The Quant price forecast is for the market to make more efforts at testing the $107.40 resistance level to breach it.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $107.40, $117.60
Zones of Demand: $87.60, $96.90
The Quant market can be said to be currently stuck below the $107.40 resistance level. The coin made a strong bullish move recently that pinged the price right above $96.90 and even beyond $107.40 in a single move with consecutive bullish candles. However, QNTUSD wouldn’t last above $107.40 and dropped back to $96.90. Since then, Quant has made another failed attempt to rise above $107.40 and can be described as currently stuck below the resistance. Another test of the resistance is expected to come again.
Quant Price Forecast: QNT/USD Outlook
Quant remains below the $107.40 resistance level, which is displaying a persistent strength to suppress the rise of the market.
Despite a strong bullish surge, pushing the price above $96.90 and briefly exceeding $107.40, QNTUSD couldn’t sustain its position and retreated to $96.90.
Subsequent attempts to breach $107.40 have proven unsuccessful, indicating a current impasse below this resistance level with expectations for another test shortly.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily chart, a shift in the upward trajectory is evident as the trading level falls below the $96.90 Moving Average period 25 (MA). The Elders Force Index (EFI) initially rose into positive territory but has since fallen below the equilibrium level, reflecting a lack of sustained upward momentum.
The 4-hour timeframe mirrors the daily pattern, with the MA period 25 line positioned above the candlesticks, hinting at a potential crossover. Additionally, the EFI line has marginally risen above the zero level, suggesting a renewed attempt to challenge the $107.40 resistance in the upcoming market movements.
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
- 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.
