Categories: Technical analysis

Nike Wave Analysis – 21 April 2025

Nike: ⬆️ Buy

– Nike reversed from the long-term support level 52.60

– Likely to rise to resistance level 60.00

Nike recently reversed from the strong support area between the long-term support level 52.60 (which has been reversing the price since 2012) and the lower monthly Bollinger Band.

This support area was strengthened by the support trendline of the long-term down channel from the start of 2023.

Given the strength of the support level 52.60 and the oversold monthly Stochastic, Nike can be expected to rise to the next resistance level 60.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: nike

Recent Posts

Forex has set its priorities

In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…

4 hours ago

Bear market rebound in crypto is likely to continue

Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…

5 hours ago

Coca-Cola Wave Analysis – 4 December 2025

Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…

18 hours ago

DraftKings Wave Analysis – 4 December 2025

DraftKings: ⬆️ Buy - DraftKings reversed from support zone - Likely to rise to resistance level…

18 hours ago

NVDA Wave Analysis – 4 December 2025

NVDA: ⬆️ Buy - NVDA reversed from support zone - Likely to rise to resistance level…

20 hours ago

Basic Attention Token Wave Analysis – 4 December 2025

Basic Attention Token: ⬇️ Sell - Basic Attention Token reversed from resistance level 0.2800 - Likely…

20 hours ago

This website uses cookies