Quant Price Forecast: November 1
QNTUSD price is negotiating the upper resistance level as the coin is currently recovering and also remains firm above the supply levels. The crypto might remain and continue in that direction if the bulls could add more efforts to their buying motives and the price closes above the $112.43 supply level, the coin might further extend to a $116.00 upper resistance level and beyond, thus a clear buy signal.
Resistance Levels: $108.00, $109.00, $110.00
Support Levels: $90.00, $89.00, $88.00
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD is at the moment trading and negotiating the upper resistance level in the long-term outlook. The price currently trades above the EMA-50 and moving towards or negotiating the upper resistance area. This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices of Quant to an overhead trend line.
The sustained bullish pressure pushed the currency pair up to the $105.46 supply level during yesterday’s session and sustained it. This has made it possible for the coin to remain firm in an uptrend in its recent high.
The buy traders made a strong push from the $105.49 value to the $106.32 resistance level above the EMA-50 as the daily chart opens today which indicates an intraday growth and more gains for buyers.
Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels to the upper resistance zone.
Additionally, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected of buyers to push the price of Quant further up to a significant level and in this case, the target might be the $116.00 upper resistance level as soon as the price is negotiating the upper resistance level in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Price is Negotiating the Upper Resistance Level
QNTUSD is also showing a more bullish impact in its medium-term outlook. The bulls are having the market at their disposal negotiating the upper resistance area at the moment.
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 in its recent price level.
The bulls made an aggressive move up to the $106.32 resistance level above the EMA shortly after the 4-hour chart opened today. This however makes it possible for the coin to rise further. However, a high retest to the breached $109.81 supply suggests strength in bullish momentum.
Hence, the daily signal indicates an uptrend, thus trading above the moving average levels will also enable the market value of Quant to keep pushing up.
Therefore, if the bulls should add more aggression to their activities in the market; the $116.00 upper resistance level might be reached in soon as the coin price negotiates the upper resistance level in its medium-term time frame.
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