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Varonos

NASDAQ | Bullish momentum but until when?

Long
US 100 Cash CFD (FX:NAS100)  
Varonos  
FX:NAS100   US 100 Cash CFD
Support and Resistance Trend Lines Volume nasdaq NASDAQ 100 CFD nasdaqlong Bullish Patterns
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supportandresistance trendline volumestudies nasdaq nas100 nasdaqlong bullish
- In the 1h timeframe we are able to see a clear bullish movement with increasing tops and bottoms.
- Price is above SMA50 and SMA200.
- Volume: In every consolidation so far we see a small depression but every time when the bullish trend has begun, volume has increased as well.
- Strong support zone at 7750 and strong resistance zone at 7870-7900. The next big challenge for NAS100 is to break the significant resistance at 7990.
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