Quant Price Forecast: November 4
QNTUSD‘s price may possibly turn up from support as it’s about time to resume its bullish race as the bulls are getting ready to change the trend. Therefore, if the bulls could trigger their forces in the market, the price may likely reverse and turn positive to re-challenge the $112.43 previous high which could reach the $116.00 high level and beyond.
Key Levels:
Resistance Levels: $100.00, $101.00, $102.00
Support Levels: $90.00, $89.00, $88.00 
QNTUSD Long-term Trend: Bullish (Daily chart)
Despite the moves by the sell traders, the price of Quant remains bullish on the higher time frame forming lower lows and lower highs above the EMA line; this is due to the high impact from the buy investors. Further, the price which is trading in red above the EMA-50 will turn up from the support level and turn positive soon.
The high order flow from the bulls to the $105.32 on the 1st of November also added to this bullishness. However, the price will soon be turned up from the support as the market now approaches the oversold region.
The bears resumed briefly and dropped the price of QNTUSD down to a $97.30 support level above the moving averages as the daily chart resumes today. This indicates an uptrend, thus, staying above the moving average will make it possible for the pair to turn up from support and rise further.
Hence, an upside breakout above the $112.43 mark with a daily candle closing will offer buyers a solid foothold to push the Quant price higher.
Additionally, the daily stochastic is also showing the price will turn up from support as soon as the market approaches the oversold region. This means that the selling pressure will end soon. This will compel the bulls to resume the bullish trend and this may retest the $112.43 previous high level which might extend to the $116.00 high mark in the days to come in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price to Turn up from Support Level Soon
The market price of QNTUSD is currently trading in the bearish market zone. This is due to the inflows from the sell traders. Further, the price is set to turn up from the support level as the market selling pressure has reached the oversold region.
The sell traders made a downward move to the $98.09 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
Actions from the bears further dropped the coin price down to the $97.50 support level below the moving average line as the 4-hour chart resumes today.
Hence, should the bulls exchange hands with the sell traders at the mentioned support, the price of Quant might turn up from the current support and close above the $109.81 resistance value: hence, additional intraday gains would be recorded for the buy investors.
Additionally, the price of Quant might possibly turn up from the support level and swing up above its previous high at the $109.81 value soon as the coin market price now trades at the oversold region, this will compel the bulls to resume the upward move soon and in this case, the price might push higher to the $116.00 supply mark and beyond in the days ahead in its medium-term time frame.
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