• Amazon reversed from pivotal resistance level 3425.00
• Likely to fall to support level 3320.00
Amazon earlier reversed down from the pivotal resistance level 3425.00 (former monthly high from February) – strengthened by the upper daily Bollinger Band.
The downward reversal from the resistance level 3425.00 created the daily Shooting Star earlier this month – and can create the same pattern if Amazon closes near the current levels today.
Given the overbought daily Stochastic – Amazon is likely to fall further toward the next support level 3320.00 (low of the previous corrective wave (ii)).
US indices have been gaining daily since the beginning of May. They have found strength…
Market picture The crypto market has lost 2% of its capitalisation over the last 24…
- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…
- USDCHF reversed from support zone - Likely to rise to resistance level 0.9200 USDCHF…
The single currency is trading near $1.076, waiting for further cues and facing serious resistance…
Market picture The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion,…
This website uses cookies