US Nas 100Long
US NAS 100 Technical Analysis
US NAS 100 Technical Analysis: Bullish Momentum Near Key Resistance
The NASDAQ 100 index (US NAS 100) has shown a strong recovery on the 4-hour chart, breaking above critical support levels and approaching a major resistance zone. Here’s an overview of the current market structure:
Overall Trend
The index is trading in an uptrend, supported by strong buying momentum following a pullback to key support levels. The Ichimoku Cloud and Bollinger Bands indicate ongoing bullish sentiment, with a potential continuation toward higher resistance levels.
Key Levels
Resistance Levels:
22,098: The primary resistance zone, which aligns with recent price peaks. A break above this level may trigger a continuation of the bullish trend.
Support Levels:
21,283: This level acts as immediate support, providing a strong foundation for the ongoing recovery.
20,566: A deeper support level, indicating strong buyer interest during previous corrections.
Technical Indicators
Ichimoku Cloud:
The price has moved above the Kumo Cloud, confirming bullish dominance. The cloud’s future outlook also suggests potential upside momentum.
Bollinger Bands:
The price is nearing the upper band, signaling short-term overbought conditions. A consolidation or minor pullback is possible before further bullish continuation.
Moving Averages:
The price is above the 50-period moving average (blue line), which acts as dynamic support, reinforcing the uptrend.
Possible Scenarios
Bullish Scenario: A breakout above 22,098 could open the path toward higher levels, with buyers likely targeting new highs. This scenario aligns with the ongoing momentum and technical setups.
Bearish Scenario: A failure to break above 22,098 may lead to a pullback toward the 21,283 support zone. Further selling pressure could drive the price lower, testing the 20,566 level.
Conclusion
The NASDAQ 100 index is positioned within a strong bullish structure, with a critical test at 22,098. A breakout above this resistance could signal further upside, while a rejection may lead to consolidation or a minor pullback. Traders should watch these key levels closely and monitor momentum indicators for confirmation of the next move.
The NASDAQ 100 index (US NAS 100) has shown a strong recovery on the 4-hour chart, breaking above critical support levels and approaching a major resistance zone. Here’s an overview of the current market structure:
Overall Trend
The index is trading in an uptrend, supported by strong buying momentum following a pullback to key support levels. The Ichimoku Cloud and Bollinger Bands indicate ongoing bullish sentiment, with a potential continuation toward higher resistance levels.
Key Levels
Resistance Levels:
22,098: The primary resistance zone, which aligns with recent price peaks. A break above this level may trigger a continuation of the bullish trend.
Support Levels:
21,283: This level acts as immediate support, providing a strong foundation for the ongoing recovery.
20,566: A deeper support level, indicating strong buyer interest during previous corrections.
Technical Indicators
Ichimoku Cloud:
The price has moved above the Kumo Cloud, confirming bullish dominance. The cloud’s future outlook also suggests potential upside momentum.
Bollinger Bands:
The price is nearing the upper band, signaling short-term overbought conditions. A consolidation or minor pullback is possible before further bullish continuation.
Moving Averages:
The price is above the 50-period moving average (blue line), which acts as dynamic support, reinforcing the uptrend.
Possible Scenarios
Bullish Scenario: A breakout above 22,098 could open the path toward higher levels, with buyers likely targeting new highs. This scenario aligns with the ongoing momentum and technical setups.
Bearish Scenario: A failure to break above 22,098 may lead to a pullback toward the 21,283 support zone. Further selling pressure could drive the price lower, testing the 20,566 level.
Conclusion
The NASDAQ 100 index is positioned within a strong bullish structure, with a critical test at 22,098. A breakout above this resistance could signal further upside, while a rejection may lead to consolidation or a minor pullback. Traders should watch these key levels closely and monitor momentum indicators for confirmation of the next move.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.