US Nas 100Short
USNAS100 / Market Update: Price Action and Trend Analysis
USNAS100 Technical Analysis
The price has dropped and stabilized in the bearish zone after breaking the support level at 21,215. As long as it trades below 21,215 and 21,150, the bearish trend will continue toward 20,990. If it falls below this level, it may reach 20,860.
On the other hand, a 4-hour candle closing above 21,220 would indicate a bullish trend, targeting 21,395.
Key Levels:
Pivot Point: 21150
Resistance Levels: 21220, 21395, 21530
Support Levels: 20990, 20860, 20670
Trend Outlook:
Bullish: Above 21,220
Bearish: Below 21,150 and 21,220
The price has dropped and stabilized in the bearish zone after breaking the support level at 21,215. As long as it trades below 21,215 and 21,150, the bearish trend will continue toward 20,990. If it falls below this level, it may reach 20,860.
On the other hand, a 4-hour candle closing above 21,220 would indicate a bullish trend, targeting 21,395.
Key Levels:
Pivot Point: 21150
Resistance Levels: 21220, 21395, 21530
Support Levels: 20990, 20860, 20670
Trend Outlook:
Bullish: Above 21,220
Bearish: Below 21,150 and 21,220
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