$AMC and the AMC Tokenized Stock....Interesting Date to NoteI noticed this a few weeks ago. I find it interesting that the first day on this chart is January 27th which is when these tokens were presumably first offered. I know they talk a lot about a "recommended one year holding period" for these in FTX's literature on them. This might be significant due to the fact that the issuer of these tokens uses the underlying stock and options to hedge for the risks involved. Maybe it's nothing, maybe it's something but I'm keeping an eye on this date.
AMCUSD trade ideas
AMC to accept Shiba Inu Coin for payments via BitPayAMC Ent. to will start accepting SHIB as a payment method in two to four months
The company will involve Bitpay in facilitating transactions.
AMC Entertainment Holdings Inc CEO Adam Aron announced that Bitpay decided to support SHIB. Bitpay specifically said yes to his request. So the theatre chain can take Shiba Inu coin for the online purchase of cinema tickets and concessions. AMC is the first Bitpay client to use the meme coin. The store will start accepting SHIB in two to four months.
Break out ? Respectfully my 2 cents. No financial advise.
Can we consider this a valid entry point? Due to the following reasons:
1- the last candle ended up outside the triangle. Hinting at a break out.
2- we are above the moving average, which could be our support worse case scenario.
3- we just broke the 0.5 fib level which turns into support.
One thing to pay attention to is that the next Fib level might be strong resistance so I’m not completely sure.
AMC is dropping like a stone, pumpy dumpy! 6.3.21AMC is dropping like a stone, pumpy yesterday dumpy today! Be really careful with this stock, it has yet to turn for the positive, just yet.
Just waiting and see how long it'll go below pumpy happens again today.
Not financial advice, your trades can go to $0.00. Do your own research!