AMPL - 2 possible scenario's, expecting upside
To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend = bullish (HH, HLs)
Notes:
- Bullish channel formed
- Respecting the recent H1/D1 supports nearby
- Potential bullflag forming inside the channel range
Idea:
- If bullflag is valid, expecting break upwards [LONG]
- With low volume/high selling volume I can also see a further retracement to fib 0.5/fib 0.618, since the RSI seems to be trending downwards well [SHORT]
Trend = bullish (HH, HLs)
Notes:
- Bullish channel formed
- Respecting the recent H1/D1 supports nearby
- Potential bullflag forming inside the channel range
Idea:
- If bullflag is valid, expecting break upwards [LONG]
- With low volume/high selling volume I can also see a further retracement to fib 0.5/fib 0.618, since the RSI seems to be trending downwards well [SHORT]
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