📊 NASDAQ 100 (USNAS100) – Technical Analysis (4H Chart)
🔹 Market Overview:
The price has broken the key resistance zone and stabilized above it, confirming bullish momentum. The bullish volume pushed the price up quickly to reach ATH at 22,100 before facing some resistance.
🔹 Current Price Action:
A correction toward 21,900 is likely before another push higher.
As long as price trades above 21,900 and 21,807, the market remains bullish and can target 22,292 next.
🔥 Potential Bullish Scenario:
✅ As long as price holds above 21,900 - 21,807 → bullish continuation expected!
📌 Targets:
📍 22,100 (ATH Retest)
📍 22,292 (Key Resistance Target)
📍 22,412 (Major Resistance Level & Channel Top)
⚠️ Potential Bearish Scenario:
❌ A 4H close below 21,807 would signal a short-term pullback.
📌 Support Targets:
📍 21,900 (first support zone)
📍 21,807 (critical pivot area, potential bounce zone)
🔑 Key Levels:
📍 Pivot Zone: 21,900 - 21,807
📍 Resistance: 22,100 | 22,292 | 22,412
📍 Support: 21,900 | 21,807 | 21,570
📌 Conclusion:
✅ Bullish bias remains intact while price holds above 21,900.
🚀 Break above 22,100 = new bullish leg toward 22,292+.
⚠️ Failure to hold 21,807 could lead to a drop toward 21,570.
💬 Do you think we break 22,100 or correct first? Drop your thoughts below! 👇👇