readCrypto

Amazon (AMZN), Nasdaq (NDAQ) - October 30

readCrypto Mod Updated   
NASDAQ:AMZN   Amazon.com
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The gap (3162.47-3201.27) rose and attempted to break above the downtrend line (4), but failed to break.

If the gap does not go down, it is expected to be able to break off the downtrend line (4).

We have to see if we can get support on the downtrend line (4) and the uptrend line (1).

It is located in the important section 3104.0-3294.62.
I think it's a good idea to stop trading for a while and check the flow when you're in the zone that determines the direction.

I think it's time to check the strategy on what choices to make when there is a movement out of the 3104.0-3294.62 section.

Breaking above the 3294.62 point, the downtrend line (2) is expected to be a strong resistance trend line.

A break below the 3104.0 point is expected to serve as a support point at 3008.91.

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(NASDAQ (NDAQ) 1D chart)
You need to see if you can get support at the uptrend line (1).
If it falls below the uptrend line (1), I think there is a high probability of falling below the 118.83 point.
It must rise above the 127.03 point to make a trend change.

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** 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 should 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: Closed price
G2: Market price at the time of opening
Comment:
(DJI 1D chart)

(IXIC 1D chart)

(SPX 1D chart)
Comment:
(1D chart)
You need to make sure you can get support at point 3104.0.
If it doesn't close above the 3104.0 point, I think it's likely to fall below the 3008.91 point.
Comment:
(NIO 1D chart)
It remains to be seen if there can be an ascent to fill the gap (31.99-31.39).

You need to see if you can climb along the uptrend line (1).

Not far away, there is a possibility that it crosses the uptrend line (1) and deviates from it.
At this point, we need to see if it falls to fill the previous gap (27.51-28.52).

Get support at 29.40 and see if it rises along the uptrend line (2).

If you decline from 29.40, you are likely to touch 27.63, so 29.40 is the short-term Stop Loss point.
Comment:
(TWTR 1D chart)
It started with the gap (52.43-44.53) falling and is falling below the 42.63 point.
We have to see if we can ascend above 42.63 quickly.
If it falls, we need to see if we can get support at 40.97.

If you fall below the uptrend line (1), you're likely to fall below the 38.41 point, so you should get support at the uptrend line (1).

If it falls at 40.97, it is a short-term stop loss.
Comment:
(DJI 1D chart)
We have to see if we can get support and climb at the 26290.0 point.
It remains to be seen if it can rebound at the maximum uptrend line (2).

(IXIC 1D chart)
We have to see if we can get support at 10853.5 and get off the downtrend line (3).
We need to see if we can get support at up to 10473.8 and rebound, breaking above the downtrend line (3).

(SPX 1D chart)
We have to see if we can get support in the 3168.8-3232.4 section.
Comment:
(Amazon (AMZN) 1D chart)
It closed lower at 3104.0.

We have to see if we can get support at 3008.91 and see if a rebound can come out.
At this time, if you break above the downtrend line (4), it is expected that the strength of the rebound can be seen.

It fell from the uptrend line (1) and 3104.0 points, resulting in a short-term Stop Loss.

If it falls from the 3008.91 point, I think it is necessary to trade to preserve the profit and loss.
If it falls from the 3008.91 point, it is likely to fall below the 2734.40 point.
Comment:
(FORD MTR CO DEL (F) 1D chart)
We need to make sure we can get support at 7.62.

If you go down from 7.62, you're likely to touch 6.97, so it's a short stop loss point.

It remains to be seen if the long-term downtrend can be stopped by breaking above the downtrend line (3).

In order to change the trend, it must rise above 8.80 points.
Comment:
(NETFLIX (NFLX) 1D chart)
We must see if we can ascend above the 485.23 point.
We need to make sure we can get support at point 465.91.
If it falls to the 465.91 point, I think there is a possibility that it will fall to the 432.81 point.

[Example of exchange chart setup]

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

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