AMZN price action update:
Price is consolidating below the 240 resistance after a steady climb. Buyers are defending the 230 level, showing signs of absorption just above the ascending trendline.
The 233.50 breakout level could trigger momentum towards the 240 resistance. If breached, institutional targets extend toward 250.
Current consolidation suggests the Market Maker is trapping liquidity below 230 while buying time for a directional move.
Upside target: 250
Downside target: 220 if 230 fails
#AMZN #globaltrade #investment #investing #stockmarket #wealth #realestate #markets #economy #finance #money #forex #trading #price #business #currency #blockchain #crypto #cryptocurrency #airdrop #btc #ethereum #ico #altcoin #cryptonews #Bitcoin #ipo
Price is consolidating below the 240 resistance after a steady climb. Buyers are defending the 230 level, showing signs of absorption just above the ascending trendline.
The 233.50 breakout level could trigger momentum towards the 240 resistance. If breached, institutional targets extend toward 250.
Current consolidation suggests the Market Maker is trapping liquidity below 230 while buying time for a directional move.
Upside target: 250
Downside target: 220 if 230 fails
#AMZN #globaltrade #investment #investing #stockmarket #wealth #realestate #markets #economy #finance #money #forex #trading #price #business #currency #blockchain #crypto #cryptocurrency #airdrop #btc #ethereum #ico #altcoin #cryptonews #Bitcoin #ipo
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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.