Hello friends!
Amazon has been trading in a channel between (3090-3350) $ since November
Since the end of January, the price bounced off the support level of 3090$ and rushed up.
Having made a false breakout, the price rolled back and went up again!
At the moment, for the fourth day, the price is moving towards the level of 3050$.
After the breakout of this level, we can get a good move to the next resistance level 3495$.
Also, further growth cannot be ruled out, since the price traded in the channel for a long time.
There will be enough energy at the exit from the channel to break the 3495$ level.
✔ Do not forget to trade using your own trading system and with stops!
✔ If you like what I do, put 👍 and subscribe! 🙌👀
✔ This is the best gratitude for my work! 💕
Amazon has been trading in a channel between (3090-3350) $ since November
Since the end of January, the price bounced off the support level of 3090$ and rushed up.
Having made a false breakout, the price rolled back and went up again!
At the moment, for the fourth day, the price is moving towards the level of 3050$.
After the breakout of this level, we can get a good move to the next resistance level 3495$.
Also, further growth cannot be ruled out, since the price traded in the channel for a long time.
There will be enough energy at the exit from the channel to break the 3495$ level.
✔ Do not forget to trade using your own trading system and with stops!
✔ If you like what I do, put 👍 and subscribe! 🙌👀
✔ This is the best gratitude for my work! 💕