Quant Price Forecast: December 10
QNTUSD‘s price next jump may reach the $400.000 resistance value as the bulls aim to drag the coin market to a higher resistance trend line. This will be attained, if there is an interruption by buyers, the bullish correction pattern may increase the coin price to retest the $235.000 previous high which might possibly hit the $400.000 supply trend line.
Key Levels:
Resistance Levels: $230.200, $230.300, $230.400
Support Levels: $123.300, $123.200, $123.100
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD price is in a bullish posture and also trades in an uptrend even though the short traders are involved in its long-term outlook. The sustained resistance value at $122.000 by the bulls during the previous action has really made it possible for the pair to rise further.
The coin price finds resistance again at the $123.300 mark above the EMA-9 but below the EMA-50 as the daily session opens today. 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 the present.
Further, there is likely to be an increase in the value of Quant soon as the price remains in an upward direction on the daily signal. Thus, if the bulls could change their orientation and push harder, the next bullish race may possibly extend to the $400.000 resistance trend line in the coming days in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD’s Next Price Target Might be the $400.000 Resistance Value
The QNTUSD pair remains in the bullish market zone in its medium-term view. The price staying above the moving average lines confirms its bullishness and the high impact of the bulls. The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to maintain an uptrend.
The coin price at the $123.300 supply level staying above the two EMAs as the 4-hourly chart opens today, is an indication that the coin is actually traded by the buy traders, this also connotes more intraday gains for the buy investors.
Next, we can expect more push from the buy traders as the price indicator remains in an uptrend. This means that the coin market will continue its bullish correction run and the next jump could possibly reach the $400.000 supply value in the coming days in its medium-term perspective.
Place winning Quant trades with us. Get QNT here
Leave a Reply