Analysis:
Trend and Support: The chart shows an ascending trendline (black dashed line) acting as support, with the price recently bouncing off it around the 20,260 level. This suggests the uptrend remains intact for now.
Price Action: The price has pulled back from a high near 21,500 ish and is currently consolidating around 21,000. The recent bounce off the trendline indicates potential buying interest at lower levels.
Key Levels:
Resistance Zone: The yellow shaded area between 21,200 and 21,550 is a resistance zone where the price previously struggled.
Support Zone: The area around 20,800–20,900 (another yellow shaded area) may act as immediate support if the price dips again.
Targets: T1 (20,813.50) and T2 (20,626.25) are marked as potential downside targets if the price breaks below the trendline. On the upside, breaking above 21,550 could target 21,800 (top of the resistance zone).
Market Sentiment: The order book on the right shows the current ask at 21,531.25 and bid at 21,506.25, with a tight spread indicating decent liquidity. The price is slightly below the ask, suggesting some selling pressure or hesitation to break higher immediately.
Potential Scenarios:
Bullish: If the price holds above the trendline and breaks 21,400, it could rally toward 21,800 or higher.
Bearish: A break below the trendline and 20,800 support could lead to a deeper pullback toward T1 (20,813.50) or T2 (20,626.25).
Insight: The NASDAQ 100 is in an uptrend but facing resistance near 21,400. Watch for a breakout above this level for bullish confirmation or a break below the trendline for a bearish move. The 20,800–20,900 zone is a key support to monitor.
Trend and Support: The chart shows an ascending trendline (black dashed line) acting as support, with the price recently bouncing off it around the 20,260 level. This suggests the uptrend remains intact for now.
Price Action: The price has pulled back from a high near 21,500 ish and is currently consolidating around 21,000. The recent bounce off the trendline indicates potential buying interest at lower levels.
Key Levels:
Resistance Zone: The yellow shaded area between 21,200 and 21,550 is a resistance zone where the price previously struggled.
Support Zone: The area around 20,800–20,900 (another yellow shaded area) may act as immediate support if the price dips again.
Targets: T1 (20,813.50) and T2 (20,626.25) are marked as potential downside targets if the price breaks below the trendline. On the upside, breaking above 21,550 could target 21,800 (top of the resistance zone).
Market Sentiment: The order book on the right shows the current ask at 21,531.25 and bid at 21,506.25, with a tight spread indicating decent liquidity. The price is slightly below the ask, suggesting some selling pressure or hesitation to break higher immediately.
Potential Scenarios:
Bullish: If the price holds above the trendline and breaks 21,400, it could rally toward 21,800 or higher.
Bearish: A break below the trendline and 20,800 support could lead to a deeper pullback toward T1 (20,813.50) or T2 (20,626.25).
Insight: The NASDAQ 100 is in an uptrend but facing resistance near 21,400. Watch for a breakout above this level for bullish confirmation or a break below the trendline for a bearish move. The 20,800–20,900 zone is a key support to monitor.
patience, react, don't predict
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
patience, react, don't predict
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.