First of all i like this chart a lot. Because of 1-) Enormous volume for the last 4 weeks. 2-) RSI is at the bullish side for the first time in all time 3-) Clearly deeped out and recently proved that Bull are in control.
Ambrosus's average price for 1 coin of all time is $0.16. Now it is $0.04. And i think a regaining attempt (at least the average price) is very possible. According to Wyckoff theory (imo) AMB completed the accumulation phase and got a spring with Huge Volume. What is next ? getting over the accumulation zone . This is not happened yet. If it happens soon this will be a very explosive one NOTE: Bitcoin is trying to break 12k level recently so this might cause a little pull back from that level.
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the buy time has came. I am collecting piece by piece from now on.
hi where do you think amb will go in the jext few days ?
BilimNehri
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@skidstoleave, As you can see my chart is weekly based. So this is a 3-4 month trade idea. Next few days seem to be idle days. Because AMB is already more then doubled in last month.