readCrypto

Amazon (AMZN), Nasdaq (NDAQ) - October 29

NASDAQ:AMZN   Amazon.com
Hello?
Dear traders, nice to meet you.

"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.

-------------------------------------------------- -----

It started with a higher gap, but closed below the base line.
It also fell in the MS-Signal indicator.

You need to see if you can get support at the uptrend line (1).

If it falls from the uptrend line (1), it is expected to touch the 3104.0 point.

We have to see if we can get support at 3104.0 and at the uptrend line (1) and move up along the uptrend line (1).

If it falls from 3104.0, it could be in jeopardy to keep it at 3000.
Therefore, if it falls from the uptrend line (1), it is a short-term Stop Loss.
If it falls at 3104.0, you need to trade in installments to preserve profit and loss.
If it falls at the point of 3008.91, it is trading to preserve profit and loss (Stop Loss).

Short-term volatility may occur around November 2nd (November 1st-3rd), so keep an eye on the flow.

-------------------------------------------------- ------

(NASDAQ (NDAQ) 1D chart)
It started with the gap (125.10-123.75) falling and touched the uptrend line (1).

You need to see if you can get support at the uptrend line (1).
You also have to watch if you can get off the downtrend line (5).

If it declines without rebound, it is likely to touch the 114.33 point.

-------------------------------------------------- -------------------------------------------

** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: closing price when closed
G2: Market price at the time of opening

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.