Nasdaq 100 Aims for the 13638.0 Resistance Zone
Login

Nasdaq 100 Aims for the 13638.0 Resistance Zone

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Market Analysis – April 30

Nasdaq 100 has repeated a correction and impulse circle on the 24-hour chart. The market has just experienced a bullish displacement after a correction that was initiated in April.

US 100 Significant Levels

Support Levels: 12795.0, 12071.0, 11311.0
Resistance Levels: 13638.0, 13800.0, 140000.0

TradingView Chart

NAS 100 Long-Term Trend: Bullish

US 100 buyers were exhausted after reaching 12796.9. The impulsive displacement transformed into a correction. The market retraced to the support level of 12071.0 to gain bullish momentum. A double bottom chart pattern signaled the readiness of the buyers to launch. The bearish trendline was broken at the cross of the moving Averages ( periods nine and twenty-one) to continue the uptrend.

After the emergence of the price above 12795.0, the same key level was tested. The price took off for 13638.0 but paused and reversed abruptly. A new correction phase was organized for a retest of 12795.0. The bearish trendline on the daily chart was broken as the market escaped from the oversold region on the Stochastic.

US100 Aims for the 13638.0 Resistance Zone

US 100 Short-Term Trend: Bearish

The market is overbought on the daily and four-hour charts. A retest of the bearish trendline is therefore anticipated to aid the price rise to 13638.0

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

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News