AMPUSD trade ideas
$AMP Speculative Divergence ApexA pattern ive been seeing a lot. You can see a complex ih&s pattern on the underside of the divergence, and the measured move completion. then bullish wedge consolidation. A bullish pattern mirroring an inverted bearish pattern, on the underside of a divergence. Resolution would be a return to the liquidity pools build on the way down inside of the the inflection zones there. In typical crypto fashion, i wouldnt rule out a liquidity grab at the 2.0 extension there and then a spring up to begin the reversal. Just an idea, not trading advice by any means.
My Current Crypto WatchlistThis is my current crypto watchlist. BTC, ETH/WETH, and BNB are the standard cryptocurrencies most people know about. Some mid tier altcoins might be ETC, UNI, and ENS. Next might be CELO, and MINDS. Last might be AMP, OCEAN, and GLQ. I believe resistance have been high against all the cryptos on this list, except perhaps 0xBTC. Everything I say is on an opinion based basis. Please invest at your own risk. Any actions you do are at your own risk. Do your own due diligence.
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AMP setting up for scalp long once again , 3.5%+I think we will see a break up here of at least 3.5% and if we get enough follow through, then much higher long term. I like that we are holding at the high volume smart money node here. We just saw a test, lets see if we can get up and hold $0.052 NFA, DYOR
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$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
54 & 62-68As for now, where is see amp being into it's cycle, is into an accumulation on the shorter term, that is into a spring formation of the accumulation forming on the actual longer term/bigger picture.
So this re-accumulation, visible on the 4 hours;
Is the spring formation of the bigger accumulation amp is;
Here the advancement on the 4 hours that is the spring of the daily since I did write this a few hours ago;
Expecting a rise to .54, where is the upper range of the cycle forming into the daily spring, and a break upside this area on maintained demand, will tell me that price is moving forward into the daily accumulation, leaving it's spring. The 60 will be then considered but before moving higher I do expect some consolidation between .54 & .60, since a test of the spring is still needed, and more test of the zone within that range.
.68-.75 is something I consider on the longer term, and when price will give obvious sign that it is leaving it's big daily accumulation formation.
Not considering at test of lower zone unless it goes back under .46-.47 showing weakness
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