US Wall Street 30 Is in an Uptrend as It Targets Level 33202
Login

US Wall Street 30 Is in an Uptrend as It Targets Level 33202

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

Azeez Mustapha

Updated:

Key Resistance Zones: 35000, 35500, 36000
Key Support Zones: 27000, 26500, 26000

US Wall Street 30 (US30USD) Long-term Trends: Bullish
US Wall Street 30 is in an uptrend as it targets level 33202. The index is retracing after reaching the high of level 31600. Further upward movement of prices is likely, though, US30USD is trading in the overbought region. Meanwhile, on October 5 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that US30USD will rise to level 2.618 Fibonacci extension or level 33202.70.

https://learn2.trade/us-wall-street-is-making-lower-highs-and-lower-lows-as-it-holds-above-50563
US30USD –Daily Chart

US Wall Street 30 Daily Chart Indicators Reading:
The Relative Strength Index for period 14 has US30USD at level 60. It suggests that the index is in the uptrend zone and could rise above current levels. The index price is above the lines of the moving averages, suggesting a potential rise.

US Wall Street 30 (US30USD) Medium-term Trend: Bearish
On the 4-hour chart, US30USD is in an uptrend. The index price is characterized by a series of higher highs and higher lows. Presently, the index is retracing as it reaches the overbought region at level 31600. The uptrend will resume after the initial resistance is breached.

US Wall Street 30 Is in an Uptrend as It Targets Level 33202
US30USD – 4 Hour Chart

4-hour Chart Indicators Reading
US30USD is above the daily stochastic’s 80% range. It shows that the market has crossed into the overbought zone. Bullish exhaustion has been reached in the uptrend. The upswing is indicated by the upward-rising 21-day SMA and 50-day SMA.

General Outlook for US Wall Street 30 (US30USD)
US Wall Street 30 is in an upward trend as it targets level 33202.
If the price stays above the moving average lines, the uptrend will continue. It is anticipated that the upward trend would break through levels 32645 and 33441.

You can purchase crypto coins here: Buy LBLOCK


Note: Learn2Trade 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