WEEKLY MARKET REPORT

 

NASDAQ – Global leading Tech Index

The NASDAQ Index was flat last week. The critical support is expected at 20,000 levels and resistance is expected around 22,000 levels for the coming week. 

Peloton, JD.com and Vertex Pharma gained 9%, 8% and 8% 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 decreased to  “80” from the previous level of “82”

 

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 $176,000 

 

Bitcoin chart

$BTC’s price remained flat the previous week. The immediate support is expected at $85K and resistance is expected at $100K. Bitcoin is expected to continue with the upward momentum 

 

ETH/BTC

ETH/BTC pair surged in the last week, gaining around 11%. An immediate support is expected at 0.030 level and resistance is expected at 0.060 levels. ETH is expected to rally from this level.

 

NIFTY

Nifty bounced back from support levels in the last week, gaining around 1%. An immediate support is expected around 23,900 levels and resistance is expected around 24,500. Nifty is expected to continue the upward momentum

 

PICK OF THE WEEK – CARTRADE

 

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