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AMBBTC

AMB/BTC - 3/6/2018Good Morning, Traders! On the 4hr chart, ambrosus has been reacting to many price trends but the longer term descending triangle is what keeps me interested. As the price travels into this shape, the price has been reacting positively to past trends. Many times, the falling wedges have broken out posistiv and there were formations of many bullish patterns such as flags and pennants. These ultimately ended up in the prices reacting bullishly of course. Throughout these patterns, AMB/BTC was able to keep enough bullish volume to actually react well to these trends, this is good to note when observing future breakouts because you can count on the volume to support the breakout signals. Currently, the price is testing a solid buy zone and is expected to experience a reversal soon to the top of the longer-term triangle once again. I'm expecting the price to reach that level within a few days, near the resistance level 0.00005099, around the 23.6% fib retracement. This is the level I would be expecting the most resistance so if the price is able to break out of the long-term triangle, the bullish run following would be significant. The circle drawn on the chart is an area with confluence that will contain heavy resistance. The indicators overlapping here are the EMA(200), 1/1 Gann fan, and the 38.2% fib retracement level. While traveling to the final target level, I'm expecting this area to cause a halt in the bullish run if the timing is accurate. Important Resistance Levels: 6213, 5429, 5099 Important Support Levels: 4544, 4268 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
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by EQBM
Ambrosus AMB BTC Forecast This chart should have been put up this morning but I was caught up. AMB are presenting an updated road-map tomorrow and the chart shows a symmetric triangle set-up. Price entry should have been 6,400 however 6,650 - 6,700 rests on 0.382 fib line. As always BTC plays a role here along with volume and hype. Targets are as follows: 1. 7150 2. 7400 3. 7900 RSI stands at 55 which is neutral. 20 SMA about to cross over 50 SMA which is a bullish sign. This is not an investment advice, always do your own research.
ALong
by itradearn
1
AMBBTC part2We had nice bounce from 61,8fib after jumping thru 200EMA, AMB did fall below it but quickly recovered. However, 200EMA was not supportive at all it this case, which worries me a little. We need to see more support from 200EMA before we can enter long profitable trade. This might be just one time jump as we might have seen before. If you are still in this trade target lines are in orange on the chart (.8050 and .8725, conservative-previous high). If you are not, I would suggest to wait for retest of 200EMA. Moreover, fall bellow both EMAs will be definitely sell signal. Also any comments are more than welcome. Stay positive.
ALong
by mion21
1
AMBBTC - Breakout and Re-entry Point"Food & Medicine are life-essential products, but because of the way today's global supply chains are run, most of us do not know what we are really getting when we consume food or use medicine. At the Ambrosus project we aim to radically improve the global supply chains by creating a trusted ecosystem where we can reliably record the entire history of products and execute commercial transactions accordingly. We seek to enable a more secure and autonomous supply chain, improve distribution processes and allow consumers to easily see where their products come from and what is really in them." With a vision like this, this is a reaaaally undervalued coin as of the moment. So I'm gonna go with the details of re-entry. Indicators are saying: That the MACD is about to do a bullish crossover on the Daily chart. Yesterday, it broke out above the 20 period moving average. Today, it managed to stay above it with greater volume. Let's go to the 4-hour time frame. As you can see, there is a resistance area of 9300 to 10000 level. MACD just broke out of the Zero line which is a bullish signal. RSI still on the bullish level. Price has been consolidating above the white dashed line. 1-hour time frame Beautiful price action! The price is sitting pretty above the 20 period moving average. But MACD is curving downwards, might pullback a little. RSI is going dowwards too. Price action will confirm it. Conclusion: I'm going to wait for another breakout before entering again. Targets: 1st - 12081 2nd - 16469 3rd - 20858 Research about this coin. It's got some weight in it.
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by thebumtrader
Ambrosus (AMB) Ready for a breakout. 36% Potential Gains!This is a short term trade, I expect the first target to be hit within a few hours. The final target depends on wether the breakout occurs. Reasoning: The reason I expect a rise is because of the MA50 crossing the MA200 on the 1hour level. The Stoch RSI is also on a very low level and the green and red line can cross at any moment. It has bounced up several times indicating a possible recovery. ADX AND DI show a strong uptrend. Targets: Currently resting on the 0.618 fibonnaci level at 8084 satoshis. First target is the 0.786 fibonnaci level at 8915 satoshis (10.2% profits). Secondary target is 11000 satoshis based on previous high (36% profits). Stoploss on 0.5 fibonnaci level at 7499 satoshis (-7,8% loss). As usual, opinions and suggestions are welcome so please leave a comment.
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by Altcoin_Hero
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AMBBTC BinanceForming a large symmetrical triangle with potential for big gains. I would wait and see if the price can come to support levels, the 15M indicates the price is ovebought so in theory we should come down just a little bit. On the other hand, the 1H shows we're oversold already, but we might jus have some time before the a new 1H candle opens to touch support. We want to do this to minimize risk since AMB has been making big moves, we don't want to get in too early a trigger a stop loss. Stop loss is a little harder for this one since the price moves a lot, while we have the potential to get 40% in a day we can also lose our gains very quick. A normal 5-10% stop could work if we buy at the very bottom of support. If you don't wanna risk 10% loss just put a 5% stop loss and rebuy at the bottom if it gets triggered. Keep in mind BTC is king in this market and if it decides to dump/pump all alts will be affected! Take profits in the white zones, either close the whole trade or sell 25% or 50% and wait for the next target. Happy trading!
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by mafaizer
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