Long
AMB/BTC - The right place to buy
Ambrosus has been slowly bleeding down after the massive 250% it did in early October. After three months, it's now in an area where I'm interested in taking a position. If we break down from here, this coin may tank into oblivion. Good risk/reward.
My reasoning:
Safe traders can look to enter upon a breakout/pullback of the inverse H/S. Aggressive traders can look to get in at current prices.
4hr:
Hit the LIKE button if you like my analysis and want to support my channel. Follow to make sure you don't miss any future trade ideas.
My reasoning:
- Location: Trading between the 0.786 and 0.886 fibs
- Structure: Inverse head and shoulders forming (incomplete on 1D). Double bottom off the 0.886 fib level.
- Divergence: Confirmed bullish div in histogram
- Volume: Bears exhausted, bulls slowly stepping in. 1D obv trading above 13EMA.
- VPVR: Gap above ~30% from current price.
Safe traders can look to enter upon a breakout/pullback of the inverse H/S. Aggressive traders can look to get in at current prices.
4hr:
Hit the LIKE button if you like my analysis and want to support my channel. Follow to make sure you don't miss any future trade ideas.
Trade active
We've broken up with some strong buying, really like the look of the OBV! Let's see how far the bulls can take this.
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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.
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.