Synereo AMP vs Bitcoin - Uptrend, the BeginningSynereo has found the bottom at 2500 satoshis and immediately went up towards 50% Fibonacci retracement at $5k satoshis, that has been rejected. Price has corrected down and went back to the downtrend trendline, which this time acted as a support and also has been rejected.
After that AMP/BTC broke the downtrend trendline of the last corrective wave down, signally on a potential uptrend. The strong resistance is still at 5k satoshis area, but if broken it is likely to rise towards 88.6% Fibonacci at 6.7k satoshis.
On a downside, only break and close below 2500 satoshis could invalidate bullish outlook, thill then price should continue rising and perhaps could go far beyond 7k satoshi resistance area.
AMPBTC
SynereoAmp (AMP) - 2018 Opportunity - Charts + FundamentalsNote: This is an update to my trade analysis from December 31st. I am posting this exclusively for long time followers and long term holders. I promised to update this trade once the market started to move again or the charts pointed to some strong action. I will do this with all of our old trades as promised.
Issued in 2015, SynereoAmp has a solid chart. We traded this coin back in December, the market correction hit and we waited long. Now, SynereoAmp (AMP) wants to move again. Let's see what it has to offer...
*** FUNDAMENTALS ***
- New product launch called "Product X".
- Coinburn: SynereoAmp to burn $100,000,000 worth of coins.
Both are the good type of news for any cryptocurrency. A product launch attracts possible investors and traders, while a coinburn reduces the amount of coins in circulation, which can affect the price in a positive way.
Since I already have a trade for this coin, and many of my followers are holding LONG, I will only update the targets. I am not offering buy-in nor stop-loss.
Here is the daily chart:
- From the last high back in June 2017, you can see that there is huge growth potential.
- The MACD and other indicators on my chart are showing plenty of room for growth and there is a breakout backed up by HUGE volume.
So enjoy...
*** TARGETS ***
(1) 0.000057
(2) 0.000068
(3) 0.000077
(4) 0.000087
(5) 0.000118
(6) 0.000168
Enjoy the rest of your day.
Enjoy tomorrow as well, and every single day...
As usual you can see, that patience is the key!
Namaste.
Synereo AMP BTC short term Bull Flag pending breakout Synereo AMP / Bitcoin BTC 2 hour candles
Yesterday I posted long term analysis on AMP here: My mid-/long term analysis is still relevant at the time I'm publishing this 2 hour candle chart, so feel free to take a look at the mid-/long term chart as well. Because I received some requests to publish the live chart for a short term view as well, I decided to publish this 2 hour chart.
AMP successfully broke out of the short term falling wedge from my February 21st analysis and is resuming its course towards the long term descending triangle ceiling, to test it for another break attempt on the mid / long term chart. Short term Synereo AMP is flagging and searching for the timing to break out from this bull flag. It looked like it was about to break upward yesterday, but the rapid Bitcoin price fall probably interfered with that (trade cautious, Bitcoin is still volatile).
Synereo announced it will have a coin burn this march. One third of the coin supply will be burned this month, which will make it more scarce, and will probably influence the price in a positive manner. blog.synereo.com
You can use this chart analysis to assist you in trading, to help you identify trading patterns, trend lines, support and resistance zones you can monitor for breaks.
Personally I only enter trades after I witness a break confirmation and set layered sells slightly below resistance targets. My analysis is not financial advice: you should never invest solely upon reading my or another persons TA and always do your own research: explore news, social media, white papers, tech info and so on.
Be extra cautious during these times of Bitcoin , where BTCUSD fluctuations can easily disrupt trends of other coins. Monitor your investment and set alerts and stop loss orders in place.
I hope you like my charts, if you do; please hit that like button so they move up in the list for more exposure :)
Happy Trading! ~ CryptoJC
AMP/BTC Market Cycle -> Possible launch padMarket cycles are a glorious thing, we experience the whole array of emotions as the price climbs, pumps, dips, falls, then crashes, only to rinse repeat down the road. With the expectation of March/April bringing new life back to Alts we're now able to see the alleged light at the end of the tunnel.
In terms of our friend AMP we can obviously see 2 highs, followed by a crash, with roughly the same time frame from peak to the beginning of a new cycle. If AMP is able to break the Fib cross diagonal and find support along said line, we should expect to see the cycle kick back up. A simple .618 retracement brings back .00024 and the entire 1.0 ATH retracement puts us over .0003.
Lot of upside and love seeing life come from the alts, lets keep watch and hope this doesn't end in a false breakout like NANO.
Happy Tuesday - March Madness is on the horizon LFG - Lamar Jackson will be QB1 out of this draft in 3 years.
DYOR - not advice
-Delgado-
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 up 18%When I retraced my fib I saw we tagged the .786 fib and bounced off creating 2 mini hammers. There is a pretty big divergence in the MACD indicator. In our volume the bulls and the bears had been asleep for quite some time, it seems as if the bulls are starting to wake up here. In our oscillator the Willy indicator was stupidly overbought. So I took myself a nibble roughly at 2700. I intend on selling half of my investment when it doubles to leave a risk free position.
This is not financial advice, merely my opinion on what I see in the market
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.