Ambrosus Likely To Retrace Further Before Jump!

Ambrosus (AMBBTC) managed to break above the MA200 black line just to quickly fall back down.

After testing EMA100 and EMA50 as support, a lower high hit signaling additional retrace.

• We are likely to see prices move to the 0.786 Fib. retracement support before the next move can develop.
  
• We are ultimately bullish on this chart as long as prices remain above 75 satoshis, the 15-May low.
  

Thanks a lot for your support.

This is not financial advice.

Namaste.

Comment:

It went straight up...