ACH Alchemy Pay Price TargetACH Alchemy Pay went down after the Binance listing, but now it is green for 5 consecutive days.
This should be the beginning of a nice trend with a short term price target of $0.20.
My price target for this year is reaching their rival, AMP, market capitalization.
So ACH has now a Market Cap of $198 while AMP $1,29Bil.
So 6.5X from here!
In conclusion, the price target for ACH is $0.33 minimum.
AMP
AMP relief bounce to $.057? $AMP seems to have found a short term bottom at .0377.
I've entered a position at $.038 looking for a bounce to $.057. It likely won't get there in one quick move though. I'm looking for price to test the $.045 range as resistance and then retest this range at $.038ish as support before seeing the move up to $.057. If that plays out, it would provide some nice trading gains while waiting for the full move up to test the 50% retracement at $.057.
R/R 50% upside with risk of .8% putting a stop before that local low.
Let's see how it plays out over the coming weeks.
AMP - 3 Trade Ideas...AMP is approaching a level where we can either reject or breakout. If we do reject this level, the -0.27 fibonacci level would be next best place to look for buys. There's 3 ways you can trade this.
1. Breakout trade. Once price breaks the descending trendline, enter with stops below the lows
2. Short rejection trade. If price rejects the descending trendline and structure, enter shorts with stops just above the recent highs and target the -0.27 fibonacci level
3. Long term trade. If price comes back down to the -0.27 fibonacci level, enter with stops below the lows and hold your positions until all time highs.
Let us know what you think. Goodluck!
GTCUSDT Daily TA : 01.04.22 : $GTC🟡 Results so far (HH) : +17% 🔥(Watchlist 3 Result)
All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
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👤 Arman Shaban : @ArmanShabanTrading
📅 04.Jan.22
⚠️(DYOR)
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$AMP can be a solid reversal play...$AMP has put in solid support on the Daily with multiple touches. Pro Blue Osc hovering nicely above the zero line, MACD about to cross up, Cipher printing a buy and RSI Stoch coming out of the reset position. If market cooperates for a solid bounce then I expect nice gains out of $AMP here.
AMP set for takeoffNot a financial advisor.
It's been a bit since my last AMP update. We saw a brief glimpse of some movement that just didn't have the strength to take us beyond that .09 mark.
We have came down due to the market crash, and it appears that AMP is ready to show some strength again here heading into the weekend. The market has been turning green and AMP appears to be wanting to be one of the front runners to gain extra eyes in my opinion.
I would definitely have this on your watchlist for the next several years. They should become a vital role in crypto. DYOR. Flexa is working with Amazon (Whole Foods) It appears to be a waiting game till Amazon really announces anything with AMP.
Everything is a process, give investments time. Do research, make educated decisions.
RSI & Momentum kicking up. I suspect a nice run to come. Maybe .11-.12 in the works, could pull back from there and target higher. Watch for Elliot Waves.
Amp price breakout not far awayAmp (AMPUSD) forms a nice symmetrical triangle.
OBV and RSI are currently at support levels.
The price is supported by 200 SMA.
A breakout to the upside is more likely as Amp entered the price support trendline in February by coming from below 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
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Potential breakout downwards for AMPOn the short term I think amp is looking to have a move downwards before it goes up. The BB are showing a near breakout, theres a descending triangle thats formed, and the long term(50) moving average is above the short term(20) moving average. Love to hear your guys' thoughts on AMP in the near future