Quant Price Forecast: The Quant Market Will Resume Its Uptrend Soon

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Quant Price Forecast: November 6

The Quant price forecast states that the coin will soon make a reversal back to its recent peak of $209.40.

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

Key Levels:
Zones of Supply: $86.20, $109.70, $209.40
Zones of Demand: $39.40, $44.10, 155.70

Quant Price Forecast: The Quant Market Will Resume Its Uptrend SoonLike most cryptocurrencies, the Quant market spent a long time consolidating between July and September. However, October was when the coin started to climb until it reached its zenith at $209.40; the market’s momentum, however, started to shift from that point on.

Quant Price Forecast: QNT/USD Outlook

The Average Directional Index indicates that the current downward swing is getting weak. The bearish pressure that pushed the price to this level appears to be fading at the $155.70 support. This would mean that a reversal from the current level can be very much expected.

The Relative Strength Index is also presently trending towards an oversold level. The indicator has just recently crossed the centerline, showing that the market may likely make a rebound from the current price level.

The True Strength Index, as well, tilts towards an oversold market. Since reaching its $209.40 level, the price has repeatedly attempted to gain support from the nearest demand level for the bulls to re-enter and resume the market’s bullish trend.

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

On the 4-hour chart, TSI has reached a clear oversold point, as the indicator’s lines are seen below the signal line.

Quant Price Forecast: The Quant Market Will Resume Its Uptrend Soon

On the other hand, the ADX continuously shows that the downtrend and the bearish pressure behind it continue to wane. This happening at this point will mean that the bulls now have a good entry point to take over the QNTUSD market.

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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.