WEEKLY MARKET REPORT

 

NASDAQ – Global leading Tech Index

The NASDAQ Index corrected last week, losing nearly 3.5%. The next critical support is expected at 20,000 levels and resistance is expected around 22,000 levels for the coming week. 

Netease, Dexcom and Dollar tree gained 11%, 8% and 5% for the week

The NASDAQ Index is expected to continue the upward momentum

 

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market has moved to the Extreme GREED zone. Compared to last week, the Fear & Greed Index increased to  “83” from the previous level of “76”

 

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 $170,000 

 

BITCOIN MVRV Z-

ScoreThe 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

$BTC’s price surged by nearly 12% during the previous week. The immediate support is expected at $70K and resistance is expected at $100K. Bitcoin is expected to continue with the upward momentum 

 

ETH/BTC

ETH/BTC pair corrected in the last week, losing around 14%. An immediate support is expected at 0.030 level and resistance is expected at 0.060 levels. ETH is expected to bounce back and from the support levels.

 

NIFTY

Nifty dropped marginally, losing 0.04% in the last week. An immediate support is expected around 23,350 levels and resistance is expected around 24,000. Nifty is expected to bounce back from this level

 

PICK OF THE WEEK – TEJAS NETWORKS

 

MINTALPHAA – AI Based Stock Portfolio

MintAlphaa: Where Cutting-Edge AI Meets Superior Returns. Unlock the potential of the market with our high-performing AI portfolios and advanced investment strategies.

 

Get Started with your Stock Investments today with MINTALPHAA

Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.