📊 NASDAQ 13th January 2025 Daily Analysis Based on Main Key Levels

The NASDAQ is trading at a Daily Current Market Price (DCMP) of 20,655. This analysis provides a detailed overview of critical support and resistance levels, technical indicators, and actionable trade setups to help traders make informed decisions.

🔍 Key Levels Below and Above DCMP

Resistance Levels (Above DCMP):

🔴 Resistance 1: 21,087

🔴 Resistance 2: 21,204

🔴 Resistance 3: 21,394

Support Levels (Below DCMP):

🟢 Support 1: 20,441

🟢 Support 2: 20,399

🟢 Support 3: 20,052

Swing Levels:

Swing High: 22,143

Swing Low: 20,768

🔍 Technical Analysis

The Daily Current Market Price (DCMP) of 20,655 is positioned near critical support and resistance levels, offering opportunities for intraday trades.

Key Technical Indicators:

Fibonacci Levels: Resistance and support levels align closely with Fibonacci retracement and extension zones, confirming their relevance.

RSI Divergence: RSI shows neutral momentum, with no strong overbought or oversold signals.

MACD Crossing: MACD indicates a slight bearish bias, suggesting possible pullbacks before a potential reversal.

🔍 Trade Setups for NASDAQ

Intraday Buy Trade Setup

📍 Entry Price: 🟢 20,441

🛡️ Stop Loss: 🛑 20,399

🎯 Take Profit 1: 🟢 20,682

💰 Take Profit 2: 🟢 21,087

This trade setup leverages the strong support level at 20,441, which aligns with Fibonacci retracement and pivot levels. MACD suggests potential bullish momentum near this zone, making it an ideal area for a buy opportunity.

Intraday Sell Trade Setup

📍 Entry Price: 🔴 20,682

🛡️ Stop Loss: 🛑 21,087

🎯 Take Profit 1: 🔴 20,441

💰 Take Profit 2: 🔴 20,399

This trade setup focuses on the resistance level at 20,682, which aligns with Fibonacci extension levels and pivot zones. RSI hints at potential overbought conditions near this level, supported by a bearish MACD signal.

🔍 Summary of Key Levels

Resistance Levels: 21,087, 21,204, 21,394

Support Levels: 20,441, 20,399, 20,052

Swing Levels: Swing High: 22,143, Swing Low: 20,768

Conclusion

NASDAQ is trading near critical levels, with 20,441 serving as a strong support and 20,682 acting as a significant resistance. These levels provide clear intraday trade setups for both buying and selling opportunities. By leveraging technical indicators such as Fibonacci retracement, RSI divergence, and MACD, traders can refine their strategies and capitalize on market movements.