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AMBBTC trade ideas

AMB $$ 2018 Long position..AMB is another supply chain crypto like WTC and Wabi. Is this the next one to run hard? AMB is currently listed on Binance and is flying under the radar In my Opinion. The fundamentals are all there for this coin to be a great long term hold. The question is where do you feel comfortable opening a long position?? This is what I am doing. AMB is is this falling wedge formation which it broke Bullish from previously which give's us an "idea" or a little bit more confidence about what it may do once it break's this second falling wedge. I see the 4 hour MACD is about to cross which may indicate another small pull back before a break. But the RSI and CCI have turned indicating a reversal.. so thats worth noting in case we break the downtrend line and pop out.. What im looking for is a rejection from the donwtrend line and a quick flush into my buy zone indicated in Green. Im happy to buy in here as this the where AMB has had a 60% pullback from its ATH.. Let me know you thought's on this if you have any .. Or even if you think this is a sh1t coin .. :) Happy to hear your opinions below. Buy Target is .00004900 Stoploss .00004300 Profits ?? Let her ride :) :) personal decision. I will be long into 2018-19
ALong
by gillman_hugh
AMB/BTC - 3/6/2018Good Morning, Traders! On the 4hr chart, ambrosus has been reacting to many price trends but the longer term descending triangle is what keeps me interested. As the price travels into this shape, the price has been reacting positively to past trends. Many times, the falling wedges have broken out posistiv and there were formations of many bullish patterns such as flags and pennants. These ultimately ended up in the prices reacting bullishly of course. Throughout these patterns, AMB/BTC was able to keep enough bullish volume to actually react well to these trends, this is good to note when observing future breakouts because you can count on the volume to support the breakout signals. Currently, the price is testing a solid buy zone and is expected to experience a reversal soon to the top of the longer-term triangle once again. I'm expecting the price to reach that level within a few days, near the resistance level 0.00005099, around the 23.6% fib retracement. This is the level I would be expecting the most resistance so if the price is able to break out of the long-term triangle, the bullish run following would be significant. The circle drawn on the chart is an area with confluence that will contain heavy resistance. The indicators overlapping here are the EMA(200), 1/1 Gann fan, and the 38.2% fib retracement level. While traveling to the final target level, I'm expecting this area to cause a halt in the bullish run if the timing is accurate. Important Resistance Levels: 6213, 5429, 5099 Important Support Levels: 4544, 4268 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
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by EQBM