WEEKLY MARKET REPORT
NASDAQ – Global leading Tech Index
The NASDAQ Index corrected by 2.4% last week. The critical support is expected at 18,500 levels and resistance is expected around 20,000 levels for the coming week.
Peloton, Baidu and Intel were the top gainers for the week, rising around 32%, 24% and 17% respectively.
The NASDAQ Index is looking weak and is expected to correct 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 “34” from the previous level of “45”
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 5.6%. 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 gained around 1% in the previous week. An immediate support is expected around 22,000 levels and resistance is expected around 24,000. Nifty looks bottomed, and the reversal is expected around these levels.
PICK OF THE WEEK – BSE
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