WEEKLY MARKET REPORT
NASDAQ – Global leading Tech Index
The NASDAQ Index fell by -1.36% last week. The critical support is expected at 20,700 levels and resistance is expected around 22,900 levels for the coming week.
ALIBABA, IDEXX LABS and T-MOBILE US were the top gainers for the week, rising around 12.5%, 8.7% and 7.15% 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 “44” from the previous level of “71”
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 $190,000
Bitcoin chart
ETH/BTC
ETH/BTC pair fell in the last week, losing around -6.76%. An immediate support is expected at 0.030 level and resistance is expected at 0.045 levels. ETH is expected to rally from this level.
NIFTY
Nifty gained around 1.7%. An immediate support is expected around 22,600 levels and resistance is expected around 23,500. Nifty looks bearish, and the downward momentum may carry forward till 21,500 level.
PICK OF THE WEEK – CARTRADE TECH LTD.
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