NAS100USD / TRADING UNDER ATH PRICES AROUND 21,520 / 4H

5 Ara

NAS100USD / 4H TIME FRAME

HELLO TRADERS

Breaking the supply zone is expected to lead to an increase in prices, potentially reaching a new all-time high (ATH) , The current price is trading below the ATH level at 21,512.

If the price remains and stabilizes below 21,512, it is expected to decline further , The first expected demand zone is between 21,226 and 21,107 , If the price closes a 4-hour candle below this zone, it is anticipated to decline to the next demand zone between 20,863 and 20,762.

If the ATH level (21,512) is broken, prices are expected to rise and reach a new historical zone between 21,520 and 21,890.

As long as the price remains below the ATH, the market is expected to face downward pressure.

6 Ara

İşlem aktif

UPDATE

Prices previously reached a historical high but then declined, yielding a profit of +135 pips , This indicates recent volatility in the asset’s price.

The price is trading under a supply zone (resistance area) between 21,455 and 21,520 , As long as the price remains below this level, further declines are expected.

If the price continues to decline, it may target a demand zone (support area) between 21,226 and 21,107.

If the price breaks the all-time high (ATH) and stabilizes above it by closing a 4-hour candle above the level, it may rally towards 21,890.

The analysis notes that NFP news (Non-Farm Payroll data) is expected today, which can cause significant market volatility.