Quant Price Forecast: November 15
The Quant price is very likely to face the positive side soon after completing the dip lows. Should the price breakup from the support trend line at $95.012; this might release the trapped bullish momentum. Thus, the upcoming bullish pattern may push the coin price to the $400.000 resistance mark.
Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $100.500, $100.400, $100.300
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD price is in a bearish market at the moment in the higher time frame, this is because the sell traders are now involved in the order flow. Further, the price action can be seen below the two moving averages. Thus, the current trend will soon end as the market is oversold.
The bulls are trying hard to remain above the $192.698 supply mark. Thus, a pullback at the $100.436 supply value as the daily chart resumes today, is to resume the next bull cycle and this may invalidate any further bearish theory.
However, traders who also invest in this current trend will buy at a lower price and make more gains in the future as well. This will reflect an increase in the trend momentum.
Additionally, a rise in the upcoming bullish rally and breakout above the $235.000 high value may turn around the market price of Quant and the recovery pattern might reach a $400.000 supply trend line in the days ahead in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Preparing for an Upside Moves
The QNTUSD pair is bearish in its medium-term perspective. This is due to the bearish impact on the market.
At the moment, the coin price is trading below the two EMAs at the $102.649 high level below the moving averages on the 4-hourly chart. This suggests that the bulls are coming into the market in a grand style and soon they may likely dominate the market and gain more strength as the coin market resumes its upward move sooner.
Likewise, a further rise in the market price of Quant is certain as indicated by the daily stochastic which is pointing in an upward direction. if the buy traders can trigger their buying pressure and break up the $235.000 high value. The next bull cycle might possibly reach the $400.000 supply trend mark soon in its lower time frame.
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