NAS100 Shows Signs Of Bullish Recovery From Key Support

NAS100 Analysis – March 23

NAS100 is showing signs of a bullish recovery from a key support level. The 9-day SMA currently stands at $19,670, and the price is trading above it, indicating a short-term bullish trend. The RSI is at 45 and gradually rising from the oversold zone, suggesting increasing buying pressure. If the RSI moves above 50, it could confirm stronger bullish momentum and indicate a potential continuation of the upward move.

NAS100 Key Levels

Resistance Levels: $20,650, $22,140, $23,000
Support Levels: $19,200, $18,320, $17,250

NAS100 Long-Term Trend: Bullish

The price recently rebounded from the $18,800 order block, a significant demand zone that offered strong support. It is now moving toward the $20,290 Fibonacci 0.5 retracement level, which may act as resistance. A breakout above this point could clear the way toward the next major resistance at $20,650, where sellers are expected to be active.
If bullish momentum holds, the next targets are $20,650 and $22,140, with a potential move toward $23,000. However, if the price is rejected at $20,290, a retest of the $18,320 support could occur. A break below $18,320 would shift the market sentiment to bearish, possibly targeting the $17,250 support zone. Traders monitoring forex signals may find these levels particularly significant.

NAS100 Short-Term Trend: Bullish

The NAS100 is gaining bullish traction on the 4-hour chart, trading above the 9-day SMA at $19,790, which indicates short-term strength. The price is nearing a key resistance level at $20,650, with a possible minor pullback to the $20,250 zone before continuing upward.
The RSI is at 66, suggesting the market is approaching overbought conditions but still has room to push higher. A confirmed breakout above $20,650 could propel the price toward the $22,140 resistance level.

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