NAS100 Shows Strong Bullish Momentum With Indicators Supporting Uptrend

NAS100 Analysis – February 16

NAS100 exhibits strong bullish momentum, with indicators supporting the uptrend. The SMA-9 at $21,760 is trending upwards, providing dynamic support and reinforcing the bullish outlook. The MACD line (151.81) is above the signal line (104.68), with expanding green histogram bars, signifying increasing buying pressure and sustained bullish momentum in the market.

NAS100 Key Levels

Resistance Levels: $21,880, $23,000, $24,050
Support Levels: $19,920, $18,320, $17,250

NAS100 Long-Term Trend: Bullish

The price action continues to form higher highs and higher lows, confirming a well-established uptrend. A notable breakout above $21,880 has solidified this level as a new support zone. The market is now targeting the key resistance level at $23,000, propelled by strong bullish momentum following a rebound from $20,760, where a sell-side liquidity grab took place.

The outlook for NAS100 remains optimistic, with expectations for continued movement toward the $23,000 resistance level in the short term. If this threshold is breached, the next target will shift to $24,050. However, a potential pullback to retest the $21,880 support could occur before further price advancements. Traders leveraging forex signals may find potential opportunities within this setup.

NAS100 Short-Term Trend: Bullish

NAS100 is currently demonstrating a strong upward trend on the four-hour chart, with price action holding above the 9-period Simple Moving Average (SMA). The price has successfully broken past the critical resistance level of $21,880, reinforcing the prevailing bullish momentum.

In the event of a pullback, the four-hour order block near $21,880 is expected to act as a supportive zone. Additionally, the MACD indicator remains above the signal line, further strengthening the positive market outlook.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

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