AMPL:BTC long opportunity at 78.6% Fib retracement level.
Updated
@ 78.6% Fib retracement (~0.000179 BTC)
Have the sell pressure ended?
Buy on confirmation: When AMPL goes above green 50 SMA and holds.
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Looking at the hourly chart:
Looking at the 3 hourly chart:
- Green IchiCloud forming.
- Higher low set.
- Inverse head and shoulder formation emerging again (clearer on the 5min chart).
Have the sell pressure ended?
Buy on confirmation: When AMPL goes above green 50 SMA and holds.
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- PRISM Oscillators Set (Momentum/Acceleration Analysis)
- pRSI STOCHS in an oversold state (green background)
- pRSI entering Bullish phase again, piercing above its 30 VWMA; supported by hidden bullish divergence.
- Snap-Osc (yellow) in the positive, pulling AJ-ribbon upwell into the positive, which in turn have pulled the momentum oscillator up back into the positive again.
Looking at the hourly chart:
Looking at the 3 hourly chart:
Note
Continue to be rejected by the Ichicloud, which looks to be thinning on the 30mins chart. However, it looks more like a bearish "m" pattern now.There's still a chance of a recovery pump so long as another higher low is being set.
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