Quant Price Forecast: November 15
The Quant (QNTUSD) pair is poised for a bullish ascent as it makes its way to the upper resistance trend lines. It seems likely that the coin price will continue its bullish run, and if it manages to break above a $115.00 high level, we can anticipate strong upside momentum up to the $116.00 upper resistance level. Thus, a clear buy signal and a turnaround for coin traders.
Key Levels:
Resistance Levels: $108.00, $109.00, $110.00
Support Levels: $98.00, $97.00, $96.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The Quant price is poised for a bullish ascent and remains bullish on the higher time frame. The long-term outlook is still in an uptrend despite the inflows from the sell traders. The price bar can be seen above the EMA-50. Thus, the bulls are capable of pushing higher from this trend line.
The bulls were able to push the coin to the resistance area in the past few days; this has made it easier for the coin price to remain above the supply levels in its recent high.
Today, the price was able to pull back and is taking the $109.90 resistance above the EMA-50 as the daily chart opens. This suggests an uptrend in the context of the strength of the market and also shows that buyers are still in dominant the price actions at present.
However, the price of QNTUSD is poised for a bullish ascent and more upsides are possible if it breaches the $115.00 high barrier.
Additionally, the crypto is pointing up on the daily stochastic, under the influence of this market level, the coin is poised for a bullish ascent and may break up the previous high at the $115.00 level to reach the $116.00 upper resistance level soon as we watch the crypto market increasing in the long-term perspective.
QNTUSD Medium-term Trend: Bearish (4H chart)QNTUSD Poised for a Bullish Ascent
Quant portrays a bearish market trend in its medium-term outlook. Meanwhile, the coin price is poised for bullish ascent as we can see a new correction in place. The price responded to the shift in the market structure and is currently below the moving averages.
The coin has been slowed down in recent times due to the intervention of the bears to a $104.36 low value in the previous action.
The market value of QNTUSD at a $104.65 supply level is seen slightly below the EMA-50 as the 4-hour chart opens today. This creates an opportunity for the buy traders to buy the coin at a cheaper rate as the market turns bullish in the coming days.
In addition, the Quant price is poised for a bullish ascent as indicated by the daily signal pointing up in the oversold region. This indicates that the price of the crypto will still continue in an upward move and in this case, the $116.00 supply level may be the target soon in its medium-term time frame.
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