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AMP / TetherUS

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AMPUSDT trade ideas

AMP Bullish harmonic cypher showing potential price outbreakHello Today I bring you a harmonic cypher showing bullish signs on AMP. A typical harmonic cypher pattern is bullish IF: The initial leg, the XA leg, rallies higher from the starting point at X. The AB leg moves lower to retrace the XA leg. This retracement should bring prices to between the 38.2 to 61.8 percent level of the XA leg. The BC leg moves higher and takes out the swing high at point A, and terminating between the 127.2 and 141.4 projection of the initial XA leg. The CD leg moves lower and terminates near the 78.6% retracement level of the price move from point X to point C. Upon the price reaching the 78.6% retracement level at point D, the bullish Cypher pattern is considered complete, and a price rise is expected. The retracement percentage to point D did not reach past 70% but, despite this, all the other characteristics of the bullish harmonic cypher match the one on our chart.
Long
by teh4pple
AMPUSDT: High risk BuyDisclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. -----------------------------------
Long
by TraderBibres2003
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