US Wall Street 30 (US30USD) Fluctuates Between Levels 33800 and 34400, May Resume an Uptrend

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.


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

US Wall Street 30 (US30USD) Long-term Trend: Ranging
Since the bearish impulse of September 30, US30USD has been in a sideways move above level 33800. Buyers are also finding it difficult to break above level 34400. If the bulls break the current resistance, the market will rally to the next resistance at level 35000. However, the downward correction will continue if price fails to break the initial resistance.

US30USD – Daily Chart

US Wall Street 30 Daily Chart Indicators Reading:
The index is at level 42 of the Relative Strength Index period 14. It indicates that it is in the bearish trend zone and below centerline 50. The 21-day and 50 –day SMAs are sloping downward indicating the downtrend.

US Wall Street 30 (US30USD) Medium-term Trend: Bearish
On the 4-hour chart, US Wall Street 30 has fallen to the oversold region of the market as bulls bought the dips. However, the upward correction is facing resistance at level 34400. Buyers have been repelled at the resistance of level 34400. A break above it will catapult the index to level 35000. Meanwhile, on September 28 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that US30USD will fall to level 1.618 Fibonacci extension or level 338050. 40. From the price action, the index has retested the 1.618 Fibonacci extension but the uptrend is being hampered.

US30USD – 4 Hour Chart

4-hour Chart Indicators Reading
US30USD is above the 25% range of the daily stochastic. This implies that the market is in a bullish momentum. The 21-day and 50-day SMAs are sloping downward indicating the previous trend.

General Outlook for US Wall Street 30 (US30USD)
US Wall Street 30 is likely to resume uptrend as bears end bearish run. The uptrend will resume if buyers breach the resistance levels of 34400 and 35000. The upward move has resumed above level 34000.


You can purchase crypto coins here: Buy Tokens


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
  • 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.