Market Analysis – April 11
US 30 has witnessed a significant drop in the volume of its transactions since the 25th of October, 2022. US 30 has also witnessed long-term consolidation for a space of four months (November to February). The key level of 34381.0 remains unyielding giving way to a rise in the price.
US 30 Key Levels
Resistance Levels: 34831.0, 35551.0, 37007.0
Demand Levels: 32751.0, 31178.0, 30171.0
US 30 Long-Term Trend: Bullish
Until, November last year, the market displayed significant up-and-down trends. After the test of the supply level of 37007.0 and the indication of a bearish reversal of the MACD (Moving Average Convergence and Divergence), US 30 adopted a downward trend until mid-June. Significant pullbacks and short-term consolidation were features of the long-term downward trend. The next two months (17 June through 16 August) were ruled by the buyers. The end of September put an end to the downtrend that followed.
The last major trend witnessed on the US 30 market was the uptrend from 28675.0 to 34381.0, which was initiated after the MACD crossed to turn bullish. The parallel weave of the Moving Average lines showed the consolidation from November until February’s end.
US 30 Short-Term Trend: Bullish
The bulls seem not to give up as they are taking another strike toward the well-defended resistance level of 34381.0. A bullish order block resting at 32751.0 is expected to provide increased momentum to strike the resistance level of 34381.0
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
- 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
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
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.