-After a tougher stance by the Fed, Amazon's shares have been suffering consecutive falls throughout 2022, despite their constant spikes above 15% when the news published by the media comes in a more "dovish" tone (laughs).
-The most recent bearish pivot on the monthly chart takes us down to the $78.50 region, in the 2018 price accumulation region and the bottom of the 2020 pandemic.
-We may have a pivot high rebound wanting to form on the daily chart with prices going above $88.36 bound for the previous top at $96.59.
-Will the FED adopt a more lenient stance (decrease or stop the increase in interest rates) and remove once and for all the final destination of the asset that the bearish pivot of the monthly chart shows ($78.50)?
-Do your analysis and good business. -Be Aware, If You Buy, Use Stop! -See below for other reviews.
Crazy to think how much value AMZN has lost! $78 definitely looks like a possibility with those Fib levels. Thanks for sharing :)
MacD_Bollinger
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@CryptoScripts, Hello, noble! I won't even consider the historical top of the asset, I will only consider the value lost below the post pandemic accumulation, and we will see a few hundred billion dollars evaporated, that's a lot of money (lol) (lol) (lol) Thanks for commenting!