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Ambrosus

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
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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