Good Day Beautiful People,
Here's a short time analysis for amazon.
As you can see we have an important resistance at 2419.54$ which I think will soon be reached. An uptrend channel has been formed (you can see the channel better in shorter time frames) and is aiming towards the Resistance line.
We have a break out of a triangle pattern too, so that increases the chance of breaking the resistance line.
After all we have to be patient as always for the future price movements.
I think if the price can break the resistance line (with conformation indeed) it can be a good buying point.
Here's a short time analysis for amazon.
As you can see we have an important resistance at 2419.54$ which I think will soon be reached. An uptrend channel has been formed (you can see the channel better in shorter time frames) and is aiming towards the Resistance line.
We have a break out of a triangle pattern too, so that increases the chance of breaking the resistance line.
After all we have to be patient as always for the future price movements.
I think if the price can break the resistance line (with conformation indeed) it can be a good buying point.
Nota
The price did reach the resistance but we need a stronger confirmation for a breakout.Nota
The breakout is here :)
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.