Weekly Market Report
NASDAQ-Global Leading Tech
The NASDAQ Index corrected by 4.24% and closed at 29,118 in the last week.
JD.com & Vertex Pharma were the strongest stocks for the week, rising around 28% & 9% respectively.
The NASDAQ Index is expected to gain from here.
CRYPTO
What is the general sentiment for Crypto?
The sentiment towards the cryptocurrency market stays in the FEAR zone. Compared to last week, the Fear & Greed Index decreased from 20 to “12”. Historically, Buying Bitcoin in fear zone has turned out favourable for long term Investors.
CVDD-TOP CAP PRICE CHART INDICATOR
Bitcoin is expected to bounce back this week. As per the Terminal price model, Bitcoin’s cycle top price prediction is around $299,000 and Bottom is around $50,000
Bitcoin chart
$BTC corrected 5.90% and closed at 59.58K in the last week. Bitcoin is showing signs of bottoming, Bitcoin is expected to bounce back from here.
ETH/USDT
$ETH corrected 8.05% and closed at $1570 in the last week. ETH has reached the multiyear demand zone(range 1500-1800). ETH is expected to bounce back from here
Strong momentum tokens to watch for – JTO & DYDX
NIFTY
The Nifty50 Index gained by 0.18% and closed at 24,056 in the last week. The Nifty has formed higher lows and is showing signs of reversal. Nifty is expected to gain from here.
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