WEEKLY MARKET REPORT
NASDAQ – Global leading Tech Index
The NASDAQ Index bounced back and gained 7.5% as indicated in last week’s report. The next critical support is expected at 16,500 levels and resistance is expected around 19,300 levels for the coming week.
Peloton, Baidu and Broadcom Inc were the top gainers for the week, rising around 61%, 40% and 24% respectively.
The NASDAQ Index is looking oversold and is expected to bounce back 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 increased to “31” from the previous level of “23”
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 $205,000
Bitcoin chart
ETH/BTC
ETH/BTC pair in the last week, gained by around 3%. An immediate support is expected at 0.018 level and resistance is expected at 0.020 levels. ETH is expected to bounce back from this level.
NIFTY
Nifty bounced back from the support levels of 22k in the previous week. An immediate support is expected around 21,500 levels and resistance is expected around 23,000. Nifty looks bottomed, and the reversal is expected around these levels.
PICK OF THE WEEK – ASTRAMICRO
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