Quant Price Forecast: December 2
QNTUSD holds a recovery opportunity and remains open for bullish expansion with a bullish reversal pattern. There is an opportunity to buy the coin as the price is going up at the moment. However, the price will move higher above the current resistance level at $99.99 if buyers should exert more force into their buying action. The $110.80 high trend line might be retested soon, which could expose the market price to a $116.00 upper high mark. Hence, a great opportunity and a clear buy signal for long investors.
Key Levels:
Resistance Levels: $97.00, $98.00, $99.00
Support Levels: $94.00, $93.00, $92.00
QNTUSD Long-term Trend: Bullish (Daily Chart)
QNTUSD is in a bullish trend market and also remains open for bullish expansion in its long-term view. Prices are seen trading slightly above the EMA-50 approaching the overhead resistance. It seems that the bulls are about to take over and push us higher.
The bulls’ pressure on the coin to a $96.77 resistance level in the previous action has made it possible for it to retain its upward growth in recent times.
An increase to a $99.99 high level slightly above the EMA-50 approaching the overhead resistance on the long-term chart today indicates that the buying traders are actively buying for bullish expansion at this level.
As a result, a possible breakout from the mentioned supply will accelerate buying momentum and push Quant prices higher to the previous high of $110.80, bolstering buyers for a long-term rally.
Notably, the market is pointing up on the daily stochastic, indicating that the crypto is open for a bullish expansion. In light of this, the price of QNTUSD may soon reach the $116.00 supply trend mark, registering a buy signal for coin traders in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H Chart)
The currency pair’s orientation trades in a bearish market in its medium-term outlook. However, the price bar which is seen in green below the EMA-50 is open for bullish expansion as the bulls are now set to push us higher.
The intervention of sell traders at $98.30 in the previous action has made the coin price drop below the supply trend line in its recent price level.
The current price at a $99.99 high level suggests the returns of the buying traders to the market to stage a play and for bullish expansion. The market participants are responding to this pattern, and its breakout should offer a good buy entry opportunity.
Thus, buyers need to add more pressure to their activities to move the market beyond the current price level.
Additionally, the QNTUSD pair is pointing up on the daily stochastic, this means that the buying pressure may continue, and suggests a possible bullish expansion which may lead the price of Quant to a $116.00 high level soon in the medium-term time frame.
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