Nasdaq / US100 is trading inside a Channel Up since the start of this Bull Cycle after the late 2022 bottom.
The price is about to test the 1week MA50, which is the ultimate Support of this bullish trend and has been holding since March 13 2023 (almost 2 years).
It is important for the index to keep a weekly closing over it. If it does we will have the most optimal buy entry case.
The previous two bullish waves interestingly enough both increased by +49.55%.
Buy and target 25500.
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The price is about to test the 1week MA50, which is the ultimate Support of this bullish trend and has been holding since March 13 2023 (almost 2 years).
It is important for the index to keep a weekly closing over it. If it does we will have the most optimal buy entry case.
The previous two bullish waves interestingly enough both increased by +49.55%.
Buy and target 25500.
Follow us, like the idea and leave a comment below!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.