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.
Market Analysis – May 8
In retrospect, the NAS100 index transitioned into a bullish trajectory back in November. This upward momentum was substantiated by the breach of short-term Moving Averages (Periods 30 and 50) and long-term Moving Averages (Periods 100 and 128). Throughout this period, the short-term Moving Averages acted as a steadfast support, guiding the market’s bullish ascent until April, when a notable shift occurred.
Amidst this backdrop, the market sentiment veered towards a short-term bearish trend, evidenced by the price descending below the Moving Averages (Periods 30 and 50).
NAS100 Key Levels:
Demand Levels: 17282.60, 16969.20, 16557.80
Supply Levels: 17864.50, 18465.90, 20000.00
NAS100 Long-Term Trend: Bullish
The bullish stance of the US 100 was upheld by the supportive structure of the Moving Averages, particularly highlighted by the period between December and March, where the Moving Averages (Periods 100, 128) resided below the daily candlesticks. This confluence underscored the bullish sentiment prevailing in both short and long-term scopes.
A pivotal moment ensued when the market established relatively consistent lows around 17865.50, delineating a formidable support zone. However, despite earnest efforts for an upward surge, the market faltered, breaching this support zone. Consequently, the price tumbled below the short-term Moving Averages (Periods 30 and 50), signaling a short-term bearish retracement within the overarching bullish trend. The downturn found respite at 16969.20, where the long-term Moving Average provided a stabilizing force, effectively halting the short-term downward trajectory.
NAS100 Short-Term Trend: Bullish
At present, the market has maneuvered towards the resistance level of 17864.0. Traders are poised to confront this obstacle, pivotal for the resurgence towards the previous high of 18465.0. Notably, both the long-term and short-term Moving Averages continue to offer support for the price, particularly evident within the lower timeframe analysis.
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
