WEEKLY MARKET REPORT

 

NASDAQ – Global leading Tech Index

The NASDAQ Index corrected by 3.40% last week. The critical support is expected at 20,000 levels and resistance is expected around 22,000 levels for the coming week. 

Intuit, O’Reilly Automotive and Gilead Sciences were the top gainers for the week, rising around 9%, 5% and 4% respectively.

The NASDAQ Index is expected to continue the upward momentum

 

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market is in the FEAR zone. Compared to last week, the Fear & Greed Index decreased to  “33” from the previous level of “49” 

 

CVDD-TOP CAP PRICE CHART INDICATOR

Bitcoin is expected to continue its upward movement. As per the above model, Bitcoin’s cycle top price prediction is around $202,000 

 

Bitcoin chart

$BTC’s price corrected by 2% in the previous week. The immediate support is expected at $89K and resistance is expected at $108K. Bitcoin is expected to continue with the upward momentum 

 

ETH/BTC

ETH/BTC pair in the last week, corrected around 8.87%. An immediate support is expected at 0.024 level and resistance is expected at 0.03 levels. ETH is expected to rally from this level.

 

NIFTY

Nifty lost around 3% in the previous week. An immediate support is expected around 22,000 levels and resistance is expected around 27,000. Nifty looks bottomed, and the reversal is expected around these levels.

 

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