USNAS100/ The Bullish Trend Ahead
USNAS100
Technical analysis
The price has reversed from the resistance zone and is currently trading below it. To confirm a bullish trend, it is essential for the price to stabilise above this resistance zone by closing with a confirmed candle above it, potentially reaching the level of 22,400. However, as long as the price remains below this zone, there is a higher likelihood of testing the support level at 21,570. If this support level fails to hold, the next target would be the support at 21,370.
It is important to note that the support at 21,570 is a significant level that may provide enough strength to push the price upwards.
Technical analysis
The price has reversed from the resistance zone and is currently trading below it. To confirm a bullish trend, it is essential for the price to stabilise above this resistance zone by closing with a confirmed candle above it, potentially reaching the level of 22,400. However, as long as the price remains below this zone, there is a higher likelihood of testing the support level at 21,570. If this support level fails to hold, the next target would be the support at 21,370.
It is important to note that the support at 21,570 is a significant level that may provide enough strength to push the price upwards.
Trade active
The price has risen and broken above the 21,930 - 22,120 zone, confirming bullish momentum. However, the current movement suggests that a correction is likely, potentially bringing the price back toward 21,700 or slightly below. This pullback can serve as an opportunity for the market to stabilize and gain strength.
After completing this corrective phase, we anticipate the bullish trend will resume, aiming to cross the 21,930 - 22,120 consolidation zone and push toward higher levels, such as the new high price at 22,400.
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