Synereo AMP vs Bitcoin - The BottomSynereo AMP has been trending downwards since the beginning of the year and has lost 67% to Bitcoin while moving from 7800 satoshi down to 2500 satoshi area. Fibonacci applied to the uptrend trendline breakout point shows that price has reached the downside target, hitting 100% retracement level.
Simultaneously, AMP/BTC reached the bottom of the descending channel which suggested the potential bottom for this corrective wave down and could result in the trend reversal. At the same time price could consolidate for the short time between 2200 and 2500 satoshi, but buying opportunity stays very attractive already.
On the downside, only break and close below the 2k satoshi could invalidate bullish outlook.
AMP
Get ready for a Third Elliott Wave, Synereo AMP/BTCThis coin is showing strong volume and potential strong bounce back after going just below the 0.382 fib level.
AMP has stabilized on that support and is looking to make a Third Elliot Wave. Considering the market conditions that might quickly turn positive, I expect this coin to make similair move as it is laid out on the chart.
I am giving this trade about 2 weeks to about 3 months to completely develop. We should be taking small profits along the way. Here are some of the targets
Targets:
0.00007176
0.00011950
0.00015327
0.00021097
AMPBTC Three Drives PatternOn the 1-Day time frame we have a very optimistic scenario which indicates a significant growth in the following month. We examined 30-Minutes charts and found that after harmonic pattern XABCD we may see Three drives formation as RSI and MACD indicate an overbought state. The completion of this pattern will bring the price to the mentioned in the signal targets as fundamentals of the coin are good too. The major update is about to be released on February 13, 2018, their extension application will become a full web-app.
AMP 7.5:1 risk/reward ratio!Be patient and selective with your trades. There's hundreds of opportunities everyday. Don't rush into the trade. Be patient and you'll almost always win. Use good risk/reward ratios and you can be wrong more than you're right and you'll still profit. Think about that. The price will find the order ;-)
Synereo (AMP) VS Bitcoin UptrendSynereo (AMP) found the support at 17k satoshi and went up breaking above the 200 Moving Average. What is more important is that AMP/BTC has also broke above a very strong resistance at 6770 sats, that previously acted as a support as well as resistance, but today price managed to clearly close above that level, not to mention that the uptrend trendline has been rejected.
From this point, 6770 sats should act as a support pushing price higher. The first strong resistance is seen at 15k satoshi, where 50% Fibonacci retracement is. In addition, 261.8% Fibs, applied to the corrective wave after the MA breakout, is also at the 15k satoshi level. It seems that the uptrend continuation is just around the corner and price could double in the coming weeks. Break above 15k sats should send the price to 17600 satoshi, and if it breaks higher then it could be the actual trend reversal, rather than the correctional wave up. Only a break and close below the 200 MA could invalidate bullish outlook.
AMP / BTC Potential PROFIT IS 200% OR 500% INVESTMENT FOR LONGERAMP / BTC Potential PROFIT IS 200% OR 500% INVESTMENT FOR LONGER
BUY 00004000-00007000
STOP-LOSS 00002500
OBJECTIVES
1. 7063
2. 9600
3. 11900
4. 14895 200%
OR
5. 21203
6. 25100
7. 30880 500%
PROJECT
AMPs, Synereo’s content flow currency, serve as a way to Amplify the flow of information in the network. AMPing content increases its ability to propagate to peers and the chances of it being seen by more users. This gives them an inherent market value, as any business or individual wishing to bring information to your attention non-organically has to pay you with AMPs for it.
AMP showing a huge swing trade opportunity.AMP is looking to repeat history as it rallies upward. Look to buy in at around 7300 sat's and a break at the 23.6 fib. Watch for major resistance as it approach the trend line. If that can be broken I would look to take profit around 17400 sat's. The reason I would exit the trade at this point is due to the fact the last peak was 36% lower and if that is the case than it will fractal again and peak out 36% lower then the previous high which comes to about 17435 sat's or the 61.8 fib. This uptrend is looking promising as the 50 day MA is about to cross both the 100 and 200 day MA. Holding above all three of these averages is a strong sign of bullish momentum. Overall if this trade works as I predict it could lead a massive profit of nearly 140%. As always I will update this TA if I decide to hop into this trade!
Let me know in the comments if you find this TA to be promising! Throw a like and follow if you dig my work as well. -CJW :)
AMPBTC : LONG : WEEKLY $UPPORT #ITSTHATTIMEAGAIN #IDOE$THISGreetings. I'm back. Yes, i'm going full time cryptos because there are substantially more commas in this space.. and you know I don't post unless it's something special <3. There's nothing too spectacular about the fundamentals of AMG coin, I just know what i'm doing ;)
-Monthly Support
-Bullish Flag on 4hr
-Thank me later