Quant Price Forecast: November 18
Quant Price Forecast is that once the price is pushed into a greater supply-demand level, the QNTUSD market will resume its bullish phase.
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, 87.80
On the 13th of the month, the Quant market rejected a move lower to retest the $103 level, and the price instead bounced off the lower trendline of the widening channel. The price is already back up to $115, and analysts predict that it will shortly cross over into the $130 support area.
Quant Price Forecast: QNT/USD Outlook
The price has been fluctuating within a wide range since June. The market began an uptrend some days ago after retesting the channel trendline, and it is now anticipated that the price would move into a higher range.
Currently, the Stochastic Oscillator indicator is showing an oversold market. However, this suggests that the price at the support level will shift soon. The current price level is a good entry point, as it will enable the bulls to seize control of the market.
Still, there is optimism that the support will return swiftly. In anticipation of a comeback, quant traders are monitoring the market as the QNTUSD price gets closer to upper-level support. But as the expanding channel shows, the coin has been slowly rising since July.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The ADX indicator predicts that the price direction will soon change given that the bearish pressure that drove the retest has abated. The Quant price has already begun to rise again following the interval.
The Quant market has started to move in favor of the bulls, and the ADX indicator signals a directional reversal. The market direction has slowed down as a result of the sellers’ pressure, according to the Average Directional Index.
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