Altcoin_Hero

Ambrosus (AMB) Ready for a breakout. 36% Potential Gains!

BINANCE:AMBBTC   Ambrosus / Bitcoin
This is a short term trade, I expect the first target to be hit within a few hours. The final target depends on wether the breakout occurs.

Reasoning:

The reason I expect a rise is because of the MA50 crossing the MA200 on the 1hour level. The Stoch RSI is also on a very low level and the green and red line can cross at any moment. It has bounced up several times indicating a possible recovery. ADX AND DI show a strong uptrend.

Targets:

Currently resting on the 0.618 fibonnaci level at 8084 satoshis.

First target is the 0.786 fibonnaci level at 8915 satoshis (10.2% profits).
Secondary target is 11000 satoshis based on previous high (36% profits).

Stoploss on 0.5 fibonnaci level at 7499 satoshis (-7,8% loss).

As usual, opinions and suggestions are welcome so please leave a comment.
Comment: AMB has broken the 0.5 fibonnaci level and is now resting on the 0.382 level. In my opinion this was due to the btc dip and that is the reason why I have hold. If you sold then that is fine as well.
I watch this now and see what happens :)
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