Weekly Market Report
NASDAQ-Global Leading Tech
The NASDAQ Index corrected by 0.38% and closed at 29,125 in the last week. The critical support is expected at 27K levels and next resistance is expected around 29.8K levels.
Cisco & JD.com were the strongest stocks for the week, rising around 22% & 17% respectively.
The NASDAQ Index is expected to consolidate this week.
CRYPTO
What is the general sentiment for Crypto?
The sentiment towards the cryptocurrency market turned to the FEAR zone. Compared to last week, the Fear & Greed Index decreased from 48 to “28”.
CVDD-TOP CAP PRICE CHART INDICATOR
Bitcoin is expected to slowdown this week. As per the Terminal price model, Bitcoin’s cycle top price prediction is around $299,000 and Bottom is around $50,000.
Bitcoin chart
$BTC corrected 5.78% and closed at 77.45K in the last week. The immediate support is expected at $60K and resistance is expected at $83K. Bitcoin is expected to consolidate this week.
ETH/USDT
$ETH corrected 10.36% and closed at $2.12k in the last week. An immediate support is expected around $1900 and resistance is expected around $2800 levels. ETH is expected to consolidate this week
Strong momentum tokens to watch for – KITE & HYPE.
NIFTY
The Nifty50 Index corrected by 2.2% and closed at 23,643 in the last week. An immediate support is expected at 23.4k & resistance is expected at 24.6k. Nifty is expected to consolidate this week.
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