Nasdaq analysis
Since December 28, 2022, when it touched the bottom of the ascending channel, it has continued its upward trend for 153 days with a relatively good slope of 24 degrees and has grown by 29%.
Regardless of the current candle, the limits of the index can be considered between the midline and the ceiling of the channel (12793 to 13647).
According to the status of the RSI indicator, it is not far-fetched to modify the index up to the midline of the channel.
If the midline of the channel is touched, a growth of 6.36% to the ceiling of the channel can be imagined.
Don't forget capital management and compliance with risk to reward.
Good luck and profitable.
Since December 28, 2022, when it touched the bottom of the ascending channel, it has continued its upward trend for 153 days with a relatively good slope of 24 degrees and has grown by 29%.
Regardless of the current candle, the limits of the index can be considered between the midline and the ceiling of the channel (12793 to 13647).
According to the status of the RSI indicator, it is not far-fetched to modify the index up to the midline of the channel.
If the midline of the channel is touched, a growth of 6.36% to the ceiling of the channel can be imagined.
Don't forget capital management and compliance with risk to reward.
Good luck and profitable.