Amb/btc aims at ATL priceAmb/btc is in downtrend since mid August
Also we can see falling wedge formation
And After break key support between 124-130 sats it becomes under more sells pressure
And now it most likely aims at all time low price around 74 sat
Around that area we can see bulls try to enter
but best buy area will be after break trendline resistance
And shouldn't buy until see some strength signals
AMBUSDT
AMB/BTC (Testing Major Support Area)💎Technical Analysis Summary💎
BINANCE: AMBBTC
-Ambrosus is testing major support area at mid 150s sat
-This zone is a confluence of previous support and resistance
-It is also crucial for AMB, because if this failed
-The next potential strong support is way down to 100-90 sat
-So please, if you are planning to open Buy orders
-Make sure you have a proper stop loss in place
-But if you want to play the breakout style
-Wait for the trendline resistance invalidation
-Upside target is up to 200 sat or higher
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AMB/BTC (Pullback to .618 Fib Level?)AMB/BTC
-Ambrosus is likely to go down after some bearish rejections at 350 sat range
-The key area that needs to be watching is somewhere around 200 sat zone
-This is a confluence of previous support turned resistance
-Also, the 0.618 Golden Fib level is lying on this zone
-But be careful, always watch for any Bullish signs before opening an order
AMB/BTC (Fib .618 Bounce or New Higher Low?)AMB/BTC
-the price has retraced to .618 Fib support area
-a bullish bonce reaction happened today
-this area of support is a confluence of multiple factors
-the 20MA, upward trendline plus the golden Fib .618
-I'm not saying the price will reverse back to the recent top
-this is only a good area for possible Higher Low trade entry
-provided this level will hold for the next 2-3 days of trading
-bearish scenario, if the green support line is broken with a red engulfing candle
AMB/BTC 14% Profit within 24 Hours still more room for upward#AMB/BTC Profit Update:
current price of AMB/BTC is 113 Sat.
#AMB Now 14% up from our Entry.
Short term trader you can take profit.
so if you have strong patience then you can hold some.
but you can take profit partially.
S: 95 Sat
R: 134/189/289 sat
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