Ascending Triangle on AMPAscending triangle on AMP. After breaking downwards from the ascending wedge, an ascending triangle has formed.
Could break out either way, however I'm confident it will break upwards. I expect maybe one more bounce, however being April and with everything climbing around it I don't see any reason it wouldn't follow.
It could very well shoot up from here. Watch closely for entry upon breaking out.
AMP
Ascending Triangle Formation Keeping an eye out on volume as we lead into a bullish ascending triangle, if we break our volume resistance we can see significant upside near all time highs before possible retracement. Looking for this pattern to play out over the next couple of days while keeping in mind that AMP is positively correlated with the greater crypto market. If broader markets stay bullish and volume sees an uptick we can assume the pattern will break bullish over the next couple of days.
Amp Breakout PredictionI did some drawing instead of holding my fingers in-front of my eyes and squinting. This is new for me, and I could have gone overboard on the aesthetics, but If I'm right; and AMP follows this very beautiful and geometric pattern; then this whole system makes no sense.... Or does it. I'm not sure. I will start learning the terms and some real indicators for future work... hopefully.
AMP M formationsM formation
Neutral formation in a bearish trend
Seems to be forming an inverse H&S similar to one previously seen
High risk high reward
I believe this will play out bearishly however. Continuation of the bigger M formation (in orange)
Quite hard to decipher the nature of this chart,
HyperSpace (AMP) - Rounding Bottom + 63-day high @coinselorA lot of micro caps are breaking out with new significant daily highs. AMP formed a clear rounding bottom on the weekly. It is currently retracing from a new 63-day high. At this time, there isn't a good trade opportunity given risk-reward considerations. Volatility is way too high. Waiting for an intraday consolidation near S/R red line to reassess a setup.
BITTREX:AMPBTC
Market Cap:
$529,576 USD
64 BTC
Amplitude IndicatorAll in green
Amplitude is the measurement of the difference between the variable's extreme values.
This indicator is based on the Balance of Power (close-open)/(high-low).
Instead of taking the value of a single candlestick , exponential moving averages are used in the formula.
On it's lowest settings (1,2) it's exactly the same as the Balance of power , by adjusting the smoothing you can seen the highs and lows in momentum of the chosen period. (highly adjustable RSI )
By adding a simple moving average (Signal Line) it turns into a cross-over type, like MACD with a histogram.
This indicator is doesn't have a default or 'best' setting, instead I use the Fibonacci numbers as input. (1,2,3,5,8,13,21,34,55,89,144).
Depending on its settings this indicator is well suited for binary options, trend and reversal trading.