Quant Price Forecast: December 28
Today, the QNTUSD pair sends a clear bullish signal that the bulls are still very strong. If the forces from buyers in the market should increase and sustain the coin prices above the $192.689 supply value, the buying pressure may likely plunge the price to the $300.000 supply level trend line.
Resistance Levels: $200.100, $200.200, $200.300
Support Levels: $117.000, $116.000, $115.000
QNTUSD Long-term Trend: Bullish (Daily chart)
At the time of writing, QNTUSD‘s price is trading in an uptrend in its long-term perspective. The prices are above the moving average lines and have confirmed a bullish momentum breaking the previous high at $104.988.
The bulls’ performance on the crypto at the $108.877 supply value above the EMA-9 during yesterday’s session has enabled buy traders to sustain the upward rally.
The momentum continues today as the bulls made a consistent move to the $117.580 resistance mark above the resistance trend line as the daily chart opens today. This shows the high impact of the buy investors on the Quant market; likewise, the downside risk remained uncertain.
Hence, new entries by the bulls toward the higher side are likely as indicated by the momentum indicator pointing up, the bulls could therefore aim at the psychological level at the $300.000 supply value in the upper resistance area in the days ahead in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H Chart)QNTUSD Sends a Clear Buy Signal
Despite the interference of short-term traders in the price flow, the Quant market in the lower time frame shows a bullish race. The coin price can now be seen progressing upward above the moving averages. This shows that buyers are currently gaining more strength in the market.
The previous action at the $110.000 supply level has enabled the coin price to maintain the bullish trend.
Today, the bulls made a continuation to the north at the $117.758 high value above the two EMAs as the 4-hourly chart opens. The cryptocurrency looks promising as the bulls remain dominant in the market at the moment.
If the bulls should increase their price action, and bullish momentum is sustained far above the resistance trend lines, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break above the $132.989 supply trend line, the market participants may witness a new recovery rally and this may reach a high at the $300.000 mark soon in its medium-term frame. This signals a BUY trade again in its medium-term perspective.
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