NAS100 Consolidates Above Level 12660, May Decline to Level 11652

Service for copy trading. Our Algo automatically opens and closes trades.

The L2T Algo provides highly profitable signals with minimal risk.

24/7 cryptocurrency trading. While you sleep, we trade.

10 minute setup with substantial advantages. The manual is provided with the purchase.

79% Success rate. Our outcomes will excite you.

Up to 70 trades per month. There are more than 5 pairs available.

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

Key Resistance Zones: 16000, 16500, 17000
Key Support Zones: 13500, 13000, 12500

NASDAQ 100 (NAS100) Long-term Trend: Bearish
NAS100 is in a downtrend as it may decline to level 11652. The upward correction is facing rejection at the recent high indicating a possible downward move of NAS100. However, the downtrend will resume if the bears break below the current support at level 12660.Meanwhile, on April 26 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS 100 will fall to level 1.618 Fibonacci extension or level 11652.32 .

Daily Chart Indicators Reading:
NAS100 has fallen to level 36 of the Relative Strength for period 14. The index is in the downtrend zone and below the centerline 50. The market is likely to decline to the downside. The 50-day SMA and the 21-day SMA are sloping downward indicating the downtrend. The 21-day SMA crosses below the 50-day line SMA indicating a sell order.

NASDAQ 100 (NAS100) Medium-term Trend: Bearish
On the 4-hour chart, the NAS100 price is in a downtrend as price falls to the low of level 12660. The index price is making a series of lower highs and lower lows. NAS 100 is falling and approaching the lower lows. The selling pressure will resume when the bears break below the current support.

4-hour Chart Indicators Reading
NAS100 has fallen below the 20% range of the daily stochastic. NAS100 has fallen to the oversold region of the market. It indicates that the downtrend has reached bearish exhaustion as buyers emerge in the oversold region. The 21-day line and 50-day line moving averages are sloping downward indicating the downtrend.

General Outlook for NASDAQ 100 (NAS100)
NAS100 is in a downtrend as it may decline to level 11652. The index is fluctuating between levels 12660 and 13400. The selling pressure will resume when the bears break below the level 12660.


You can purchase crypto coins here: Buy LBlock


Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results