NAS100 Retraces as It May Find Support Above Level 11887

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: Bullish
NAS100 is in an uptrend as it may find support above level 11887. The index reached the high of level 12626 but faces rejection at the recent high. The index ran to an overbought region as sellers emerge to push prices downward. The uptrend may resume if price retraces above the moving average lines. However, the altcoin will further decline if price retraces below the moving average lines.

Daily Chart Indicators Reading:
The index is at level 55 of Relative Strength for period 14. NAS100 is in the uptrend zone and capable of a further upward move. The index price is above the moving average lines indicating a possible upward move. The 21-day line SMA and the 50-day line SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bearish
On the 4-hour chart, the NAS100 is in a downtrend as price breaks below the 21-day line SMA. The current downtrend is approaching the 50-day line SMA. The index will resumed a sideways move between the moving average lines if the 50-day line SMA holds.

4-hour Chart Indicators Reading
NAS100 has fallen below the 20% range of the daily stochastic. The index has reached the oversold region of the market. Buyers will be attracted to the lower levels of prices. The 21-day line and 50-day line SMAs are sloping upward. The price bars are between the moving average lines indicating a range-bound move of the index.


General Outlook for NASDAQ 100 (NAS100)
NAS100 is in a downward move as it may find support above level 11887. The current downtrend may subside if price falls above the moving average lines. In the lower time frame, the altcoin has fallen to the oversold region of the market indicating possible upward moves.

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