Quant (QNTUSD) Attempting the Next Big Move to the Upside

Quant Price Forecast: November 18
QNTUSD pair is in an attempt to resume its bullish rally after completing the downward moves. Quant (QNTUSD) Attempting the Next Big Move to the Upside. The coin price may likely break out further from the current supply at $116.485 to resume its uptrend soon if buyers could prove harder and increase their pricing actions in the market. This bullish correction rally might possibly reach the $450.000 high level.

Key Levels:
Resistance Levels: $200.000, $200.100, $200.200
Support Levels: $100.200, $100.100, $100.000

QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant market is having a bearish posture in its long-term outlook as can be seen from the chart above. Meanwhile, it also shows the impeding next big move in the price. The recent market structure has favored the bulls.

However, on the daily chart today, there is a broader recovery in the prices. The cryptocurrency jumped up to a $116.485 supply level below the moving averages as the bulls took to their stand to resume the bullish trend. A strong breakup above the $235.000 resistance point would strengthen the bullish pressure.

Meanwhile, the QNTUSD price is pointing up in the oversold region of the daily stochastic, this will compel the bulls to continue with the trend, this trend may possibly increase the coin price to the $450.000 high value soon in its long-term outlook.

QNTUSD Medium-term Trend: Bearish (4H chart)

QNTUSD WILL RISE SOON
QNTUSD is in a bearish race in the medium-term outlook. This is due to the inflow from the short traders.

Meanwhile, buyers also made an upward move to the $129.118 resistance level as the daily session resumes today. The short traders returned briefly and dropped the coin price to a low of $116.100 value.

However, the bullish correction at the $116.485 supply mark is an indication that the bulls are planning to strongly move the price of Quant to a high level at the upsides and the $450.000 supply trend line might be the target also in its medium-term outlook.

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