AMP still dropping and might stay low for a bit
A couple of days back, I mentioned AMP can drop quite a bit still - and stay there for a while. It will all depend on what happens with BTC this week.
My notes about the 24h candle (also on the chart):
Could be a reversal signal, once it closes in the 24h. But, the RSI is still in the 48 zone. It needs to be below to 40 AND need to see other indicators + current market to actually start a short. Overall, depending on how BTC goes this week, AMP can stay in the lows for a while.
I see the next support to be at around 0.058.
If you have any opinion, please share.
Hit like if you want more AMP analysis.
Thanks!
My notes about the 24h candle (also on the chart):
Could be a reversal signal, once it closes in the 24h. But, the RSI is still in the 48 zone. It needs to be below to 40 AND need to see other indicators + current market to actually start a short. Overall, depending on how BTC goes this week, AMP can stay in the lows for a while.
I see the next support to be at around 0.058.
If you have any opinion, please share.
Hit like if you want more AMP analysis.
Thanks!
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