Quant Price Forecast: October 31
We could likely see a further shift in the trend to the upside if all the support holds in place and resistance broke out of the $192.689 level. QNTUSD price may likely revisit the previous high at $235.000 and possibly extend to a $400.000 high mark at the upside.
Key Levels:
Resistance Levels: $235.200, $235.300, $235.400
Support Levels: $162.300, $162.200, $162.100
QNTUSD Long-term Trend: Bullish (Daily chart)
Quant is in a bullish trend in its long-term view. Although the bears are now involved in the order flow, it seems that the bulls are about to take over and push us higher.
The crypto’s price at the $162.198 support value which is above the EMA-50 but below the EMA-9 as the daily chart opens today, affirms that the buy traders are actually trading the coin and it’s in an uptrend.
The market price of QNTUSD trading in an up channel suggests that the bears are weaker and the bulls are set now to take us up to a significant level. This, however, may give the buy traders the motive to influence the price tendency.
Meanwhile, the pair is below the level 20% range of the daily stochastic, which means that the market is oversold, this will enable the bulls to commence the upward movement soon and the $235.000 resistance trend line or beyond might be reached soon in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD May revisit the $235.000 Supply Level
The market value of QNTUSD in the medium-term time frame (4H) at $162.198 high value is seen below the moving averages. This means that the market is in a bearish trend zone. This implies that the buy traders are coming gradually to dominate the market and are ready to move the price higher.
Thus, investors can also buy at this trend at a lower price and also make more gains in the future.
As buyers now moved the price up to a $162.198 high value as a result of a price rejection due to the high influence from the long investors. Buyers must redouble their efforts to forecast a bullish increase in the market above the current price level so as to reach a significant level at the $400.000 resistance mark and beyond as momentum continues to appreciate in its medium-term time frame.
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