Quant Price Forecast: November 16
QNTUSD pair just broke out and it’s about to break through strong resistance at the $235.000 value, if the coin price should close above the mentioned resistance, the next price target might possibly be the $450.000 supply trend line.
Key Levels:
Resistance Levels: $230.200, $230.300, $230.400
Support Levels: $123.700, $123.600, $123.500
QNTUSD Long-term Trend: Bullish (Daily chart)
The Quant market is in a bullish momentum in its long-term view. The trend is rising and the price has not yet reached its goal.
The price distribution of the coin at the moment has risen to a $123.797 high level which is above the EMA-9 trying to reach the EMA-50 shortly after the daily chart opens today, this indicates that bulls are gradually gaining access into the market at the present and may likely take over sooner. Thus, should the buy investors put more effort and close the daily chart above the $235.000 supply trend line, further bearish sentiment will be invalidated.
In addition, the price of QNTUSD is in an upward trend on the daily stochastic. This implies that the bullish correction pattern will definitely continue, and this might get to the $450.000 upper resistance mark in the coming days in its long–term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD can be seen in a smooth uptrend in its lower time frame. The coin is losing bearish momentum as it rises above the $100.107 resistance level as the 4-hourly chart opens today.
Despite the inflow from the short traders, buyers successfully pushed the coin price up to the $123.797 supply value above the moving averages as the journey up north continues. This suggests an uptrend as well as an indication that the buy traders are actually investing in the coin at the present.
Further, the Quant price may likely rise further as the bulls are seen clustered around the market and the price indicator shows an upward trend, the next bull ride could reach the $450.000 supply mark in its medium-term time frame.
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