Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Market Analysis – November 16
US30 maintains a bullish streak. The US30 has been showing a strong bullish trend this week, meaning that prices are going up.
The buyers have been able to push the prices higher after testing the support level of 32347.320. This level is the lowest point that the prices reached last week. The support level acts as a floor that prevents the prices from falling further. The buyers are now aiming to reach the resistance level of 35047.110, which is the highest point that the prices reached in August.
US30 Market Zones
Resistance Zones: 35641.340, 35047.110
Support Zones: 32850.040, 31413.200
US30 Long-Term Trend: Bullish
However, the bullish trend may not last long, as the sellers are waiting for an opportunity to take over. The sellers have been dominating the market since August. This implies that the prices were going down and the sellers were in control. The sellers were able to bring the prices down to the support level of 32347.320 but couldn’t break it. For now, buyers have stepped in and reversed the trend. The sellers are now looking for a chance to resume their downward movement and break the support level.
The momentum indicator is still showing a positive value, meaning that the prices are moving up at a high speed. However, the value is close to its maximum. This means that prices may soon reach their peak and start to slow down or reverse.
US30 Short-Term Trend: Bullish
Therefore, the technical analysis tools suggest that the buyers are losing their momentum. The sell traders, on the other hand, are getting ready to take over. The buyers may face strong resistance at the 35047.110 level, which could trigger a reversal or a correction. The sellers may then try to break the 33892.000 level. This was the previous resistance level that the buyers broke through last month.
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
