WEEKLY MARKET REPORT
NASDAQ – Global leading Tech Index
The NASDAQ Index gained by 2.5% in the last week. The next critical support is expected at 18,400 level and immediate resistance is expected around 20,000 levels for the coming week
The top gainers for the week were Nvidia, Illumina & Autodesk gaining around 10%, 9% & 7% respectively.
The NASDAQ Index is expected to continue the upward trajectory.
CRYPTO
What is the general sentiment for Crypto?
The sentiment towards the cryptocurrency market continues to remain in the GREED zone. Compared to last week, the Fear & Greed Index decreased from “73” to “72”
BITCOIN – aSOPR
aSOPR for this week is equal to 1 which indicates that the investors are selling their Bitcoins at breakeven price.
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 $368,000
BITCOIN MVRV Z-Score
The period highlighted by the z-score (orange line) entering the pink box, indicates the top of market cycles. It also shows when market value is far below realized value, highlighted by z-score entering the green box. Currently we are in the middle of the bull cycle
Bitcoin chart
ETH/BTC
ETH/BTC pair is breaking out of the descending channel. An immediate support is expected at 0.043 level and resistance is expected at 0.060 levels
NIFTY
Nifty gained around 3.3% in the last week. It is trading in an ascending channel, an immediate support is expected around 22,800 levels and resistance is expected around 24,000. Nifty is expected to consolidate for sometime
PICK OF THE WEEK – MOTHERSON
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$BTC price gained around 3% in the previous week. Bitcoin’s price bounced back as expected, the immediate support is expected at $59K and next resistance is expected at $80K. Bitcoin is expected to continue its upward trajectory
$BTC price gained around 8% in the previous week. Bitcoin’s price bounced back as expected, the immediate support is expected at $59K and next resistance is expected at $80K. Bitcoin is expected to continue its upward trajectory
$BTC price gained by 1.5% in the previous week. Bitcoin’s price is expected to bounce back and continue the upward momentum, the immediate support is expected at $59K and next resistance is expected at $79K
$BTC price corrected by around 3% in the previous week. BTC is currently retesting its breakout levels. Bitcoin’s price is expected to bounce back and continue the upward momentum, the immediate support is expected at $59K and next resistance is expected at $79K