Nasdaq Consolidates Following Big Moves

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more

Checkmark

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

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

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

Checkmark

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

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

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

Checkmark

Monthly subscriptions begin at £58.


Market Analysis- February 21st

Nasdaq consolidates following big moves. NAS100 is currently in a consolidation phase after experiencing significant moves. Buyers are facing pressure around the 17,648.000 price level, which is causing a slowdown in their pace.

Nasdaq (NAS100) Crucial Levels

Resistance Zones: 17,648.000, 17,131.100,

Support Zones: 16,503.500 and 15,728.100.

Nasdaq Consolidates Following Big Moves

Nasdaq (NAS100) Long-Term Trend: Bullish

Despite the recent challenges, the long-term trend for Nasdaq remains bullish. Buyers made strides above the 17,648.000 level earlier in February, indicating positive momentum. However, they haven’t been able to push further, leading to a stagnation in momentum. Traders who timed their entries well, guided by the best forex signals, could secure profits.

The momentum indicator is showing a decline, with the signal line at 0.00, signaling weakening buyer strength. Yet, when buyers regain momentum, it could present opportunities for traders to capitalize on. The signal will be from buyers accelerating their power so as to pull through several order levels.

Nasdaq Consolidates Following Big Moves

Nasdaq (NAS100) Short-Term Trend: Bullish

The Parabolic SAR (Stop and Reverse) indicator is showing potential entry and exit points. This suggests a bullish trend, with buyers slowly gaining traction and remaining resilient. Although Nasdaq is experiencing a consolidation phase with some challenges for buyers, the overall long-term trend remains bullish. The buyers will need to keep up with a stronger focus. This will help to visualize a more bullish run. The sellers might try to slow the bulls down, but buyers still need to get stronger for more breakthroughs.

You can purchase Lucky Block 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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *