✍️ As you can see, the Nasdaq stock index has moved down from the supply range (13,560-13,730) with relatively strong momentum after breaking its upward channel.
✍️ In recent days, risk aversion flows have also led to selling pressure in most risky assets.
✍️ According to the upcoming scenario, the price will probably fall to the demand range specified in the green chart, which is the range (12,000-12,300).
✍️ Currently, the price is in the support range of 13 thousand dollars with a drop of 700 points, but it seems that the bulls have less power than the bears in this range and we should wait for lower numbers to be recorded in the Nasdaq.
This analysis will be updated step by step.
✍️ In recent days, risk aversion flows have also led to selling pressure in most risky assets.
✍️ According to the upcoming scenario, the price will probably fall to the demand range specified in the green chart, which is the range (12,000-12,300).
✍️ Currently, the price is in the support range of 13 thousand dollars with a drop of 700 points, but it seems that the bulls have less power than the bears in this range and we should wait for lower numbers to be recorded in the Nasdaq.
This analysis will be updated step by step.
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