Quant Price Forecast: The QNTUSD Price Breaks the Triangle Pattern and Is Set to Rise Further

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Quant Price Forecast: December 5

The Quant price forecast is for the market to enter a strong period of bullish activity after the coin breaks the consolidation triangle.

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

Key Levels:
Zones of supply: $155.70, $222.70, $428.00
Zones of Demand: $20.00, $42.40, $88.70

The QNTUSD market is now taking the first steps toward a strong price increase. Although the market trend has been favorable, the buyers have stalled on making rash moves. The price has accumulated in a triangle structure to generate momentum, which will allow the coin to drive forcefully upward. The $227.70 resistance level is in focus, and QNTUSD will attempt to drive right through.

Quant Price Forecast: QNT/USD Outlook

Quant has been tapering through the ascending triangle pattern for a while now. The buyers remain totally in control of the market. However, this consolidation period is meant to further strengthen the bullish position.

The market is ready to kick off. The first step is to break out of the triangle structure. A price spike is expected to drive the coin up and right through the heart of the $227.70 resistance level.

The indications are very positive for the buyers. The EFI (Elders Force Index) power line is comfortably seated above the middle zero line. This shows the buyers are calm and in charge as the price is set for an increase.

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

The RSI (Relative Strength Index) is also showing the strength of the buyers in control. The line has risen above the middle line on the daily chart, already undulating in and out of the overbought region as the buyers set the market on an uptrend.

The EFI line on the 4-hour chart is comfortably seated above the zero level. The current level of the power line will increase after Quant starts driving higher. The coin will launch an assault against the $227.70 resistance level to break through and rise to $352.10.

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