NAS 100 Shoots to the Moon

Market Analysis – April 3

NAS100 price continues to rise steadily. The Bulls have used the 11673.0 support level for a launch to break the resistance level of 11673.0. The market continues to ascend to higher resistance levels.

NAS 100 Key Levels

Supply Levels: 12883.0, 13678.0, 15000.0
Demand Levels: 11673.0, 10665.0, 10000.0

US100 Long-Term Trend: Bullish

US 100 is currently ascending to the liquidity pool of 13678.0. The market formed a high at the key level of 13678.0 in August. The Williams % R (William’s Percent Range ) had swerved above ‘-20’ which meant the market was already overbought. The Parabolic SAR (Stop and Reverse) indicator immediately signified the initiation of a bearish trend. Points formed above the daily candles show the price was beginning to decline.

The market experienced a pullback to 12883.0 before reaching the demand level of 10665.0. The buyers experienced difficulty launching from the demand level. A false breakout occurred multiple times above 11673.0. The third test of the demand level finally led to a successful break above 11673.0.

US 100 Short-Term Trend: Bullish

The market has formed a parallel channel. The Buyers have pushed above 12883.0. The Parabolic SAR (Stop and Reverse) signifies bullishness on the daily and 4-hour charts. The Williams Percent Range indicated an overbought market on the 24 hour and 4 hour charts. A pullback to the bullish order-block at 12883.0 is anticipated to foster a bullish displacement to 13678.0

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.