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 reverse at level 11744.56. The index is now trading between the 21-day line SMA and the 50-day line SMA. The selling pressure will resume if price breaks below the 21-day line SMA.
Daily Chart Indicators Reading:
The index is at level 49 of Relative Strength for period 14. It indicates that there is a balance between supply and demand. The index price bars are between the 21-day line SMA and the 50-day line SMA which indicates a range-bound movement of the cryptocurrency. The moving averages are sloping downward indicating the downtrend.
NASDAQ 100 (NAS100) Medium-term Trend: Bearish
On the 4-hour chart, the NAS100 is in a downward move but has reached bearish exhaustion. The index may resume of an upward move. Meanwhile, on July 11, a retraced candle body tested the the78.6% Fibonacci retracement level. The retracement suggests that NAS 100 will fall to level 1.272 Fibonacci extension or level 11744.56. From the price action, there are bullish candlesticks indicating a possible reversal or resumption of an upward move.
4-hour Chart Indicators Reading
NAS100 is below the 20% range of the daily stochastic. The index has reached the oversold region of the market. Buyers will emerge in the oversold region of the market. The 21-day line and 50-day line SMAs are sloping upward.
General Outlook for NASDAQ 100 (NAS100)
NAS100 is in a downtrend as it may reverse at level 11744.56. The current downtrend has reached a possible reversal. The oversold region will attract more buyers as NAS100 resumes upward.
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
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.