WEEKLY MARKET REPORT
NASDAQ – Global leading Tech Index
The NASDAQ Index broke the support level of 18k and corrected by 10% last week. The next critical support is expected at 16,000 levels and resistance is expected around 18,000 levels for the coming week.
Baidu, Peloton, and Exelon were the top gainers for the week, rising around 20%, 11% and 4% respectively.
The NASDAQ Index is looking oversold and is expected to bounce back in the coming week
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 “23” from the previous level of “34”
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 $204,000
Bitcoin chart
ETH/BTC
ETH/BTC pair in the last week, fell by around 8%. An immediate support is expected at 0.016 level and resistance is expected at 0.025 levels. ETH is expected to bounce back from this level.
NIFTY
Nifty corrected around 2.6% in the previous week. An immediate support is expected around 21,500 levels and resistance is expected around 23,500. Nifty looks bottomed, and the reversal is expected around these levels.
PICK OF THE WEEK – VTL
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