IXIC (Nasdaq ETF) - Resistance, Support, Trend - 09/05/21
Updated
IXIC (Nasdaq ETF) has been uptrending since June 2021, on a daily chart.
Price has recently broken up above Trendline Support #1.
Bullish scenario:
-IXIC price continues to push up to new all-time-highs.
-Resistance levels: $15514.67, $15846.78, $16000.
Bearish scenario:
-IXIC price pulls back down to re-test both Trendline Support #1 and #2 over time.
-Support levels: $15193.63, $14994.37, $14656.72, $14457.45.
Note: On a weekly chart, price needs to close and hold above $14701 to maintain the uptrend.
Price has recently broken up above Trendline Support #1.
Bullish scenario:
-IXIC price continues to push up to new all-time-highs.
-Resistance levels: $15514.67, $15846.78, $16000.
Bearish scenario:
-IXIC price pulls back down to re-test both Trendline Support #1 and #2 over time.
-Support levels: $15193.63, $14994.37, $14656.72, $14457.45.
Note: On a weekly chart, price needs to close and hold above $14701 to maintain the uptrend.
Comment
Update - 09/19/2021:-Additional Support Levels for IXIC: $14860, $14124, $13832, $13719.
Comment
09/19/2021: IXIC price is currently above trendline support line #2. if support does not hold, a lower-low in the price will be set & a short-term daily downtrend will be confirmed. A strong price rebound up is needed to maintain the current daily uptrend (like March/May/July 2021).Comment
Comment: 10/03/21 to 10/08/21: -QQQ (nasdaq etf): support test, daily lower-high price potential.
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