WEEKLY MARKET REPORT

 

NASDAQ – Global leading Tech Index

The NASDAQ Index corrected by 2.46% last week. The critical support is expected at 20,000 levels and resistance is expected around 22,000 levels for the coming week. 

Intel, Micron Tech and Nvidia Solutions were the top gainers for the week, rising around 24%, 17% and 15% respectively.

The NASDAQ Index 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 increased to  “32” from the previous level of “20” 

 

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

$BTC’s price gained by 2.28% in the previous week. The immediate support is expected at $73K and resistance is expected at $108K. Bitcoin is expected to bounce back in the coming week 

 

ETH/BTC

ETH/BTC pair in the last week, corrected around 9%. An immediate support is expected at 0.022 level and resistance is expected at 0.03 levels. ETH is expected to bounce back from this level.

 

NIFTY

Nifty corrected around 1% 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.

 

PICK OF THE WEEK – CARTRADE

 

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