Technical analysis: QQQUSDT (Invesco QQQ Trust - Perpetual Futures Market) on a 2-hour timeframe (2h)
Records a slight positive variation of +0.18%, trading at 717.76 USDT as it consolidates after rebounding from 716.35 USDT.
Data and key levels:
Current price: 717.76 USDT (+0.18%)
Mark price: 717.76 USDT
24h volume: 20,591.80 QQQ / 14.77M USDT
MA(7): 717.53 USDT (immediate dynamic support)
MA(25): 718.11 USDT (immediate short-term resistance)
MA(99): 714.07 USDT (structural dynamic support)
SuperTrend: Bullish (support at 714.19 USDT)
Reference points: 24h high at 718.15 USDT / 24h low at 716.35 USDT
Outlook:
QQQUSDT is trading within a bullish-biased structure on the 2-hour chart. It keeps bottom support above the MA(99) (714.07 USDT) and the green SuperTrend band at 714.19 USDT. Currently, price rests on the MA(7) (717.53 USDT) and is seeking to break the sideways compression.
To continue the upward move and break above the 718.15 USDT high, buyers need to consolidate trading above the MA(25) (718.11 USDT). If resistance rejects the price and support at 716.35 USDT is lost, the likelihood of a correction toward the defensive zone around 714.19 USDT would increase.
(Informational content only; not financial advice).
#QQQ #Indices #Futures #Trading #BinanceSquare #TechnicalAnalysis
Records a slight positive variation of +0.18%, trading at 717.76 USDT as it consolidates after rebounding from 716.35 USDT.
Data and key levels:
Current price: 717.76 USDT (+0.18%)
Mark price: 717.76 USDT
24h volume: 20,591.80 QQQ / 14.77M USDT
MA(7): 717.53 USDT (immediate dynamic support)
MA(25): 718.11 USDT (immediate short-term resistance)
MA(99): 714.07 USDT (structural dynamic support)
SuperTrend: Bullish (support at 714.19 USDT)
Reference points: 24h high at 718.15 USDT / 24h low at 716.35 USDT
Outlook:
QQQUSDT is trading within a bullish-biased structure on the 2-hour chart. It keeps bottom support above the MA(99) (714.07 USDT) and the green SuperTrend band at 714.19 USDT. Currently, price rests on the MA(7) (717.53 USDT) and is seeking to break the sideways compression.
To continue the upward move and break above the 718.15 USDT high, buyers need to consolidate trading above the MA(25) (718.11 USDT). If resistance rejects the price and support at 716.35 USDT is lost, the likelihood of a correction toward the defensive zone around 714.19 USDT would increase.
(Informational content only; not financial advice).
#QQQ #Indices #Futures #Trading #BinanceSquare #TechnicalAnalysis
