US 30 Experiences a Massive Breakout

Updated:

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.


Market Analysis – February 22

US 30 has delivered a bearish displacement toward 32751.0. The symmetrical triangle has prepared the market for an accumulated phase of distribution. 

US 30 Key Levels

Demand Levels: 32751.0, 31718.0, 28675.0
Supply Levels: 34209.0, 35551.0, 37007.0

US30 Experiences a Massive Breakout

US 30 Long-term Trend: Ranging

US 30 market experienced a bullish reversal in October. The RSI (Relative Strength Index) indicates the market is oversold at this time. The signal also correlated perfectly with the Stochastic. A double-top chart pattern was formed to reveal the change in trend in the market on a daily timeframe. The Parabolic (SAR) finally confirmed the new uptrend in October. The indicator formed a point below the daily candles after the support level of 28675.0 was reached. 

The liquidity pool at 32751.0 served as a pull on the price. After reaching the initial target of 32751.0. The market retraced to31718.0 demand level gain to gain support to ascend to the next high at 34209.0. The bearish trendline was broken in an attempt to reach higher prices. An accumulation phase followed after the shoot above the bearish trendline on the daily chart. The accumulation phase formed a symmetrical triangle to prepare the market for a breakout.
US30 Experiences a Massive Breakout

US 30  Short-term Trend: Bearish

The market’s gyration narrowed down to the tip of the symmetrical triangle, which eventually fostered a breakout. The US 30 market is diving to attack the lows at 32751.0. A break of the support level at 32751.0 would be a clear signal for a change of market direction.

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
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • 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
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 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.