alanmasters
Long

Ambrosus Chart Analysis | Retrace Might Be Over!

BINANCE:AMBBTC   Ambrosus / Bitcoin
Ambrosus ( AMBBTC ) retrace might be over... Let's take a look at the chart above together and see if we can find out why!

  • First we have these trendlines in purple which looks like a triangle, right now we are seeing a breakout with a full green candle.

  • AMBBTC right now is trading above EMA10, 50 and EMA100. (Daily candle close is needed for confirmation. If prices move below the EMA lines, this signal is invalidated).

  • Trading volume starting to increase.

  • Bullish RSI .

  • The first low after the 13-Oct. peak price hit the 0.618 Fib. retracement support, a classic level for reversals on bullish cycles. Giving us another signal that AMBBTC might continue to move up.

The chart is drawn in a simple way and you can see by hitting "play" where the price will go depending on the candle close.

Above 0.00000384 AMBBTC can easily gaing momentum to the upside.
Below 0.00000292 AMBBTC can easily breakdown and move lower.
The light blue space is the consolidation box.

Thanks a lot for reading.

Namaste.
💬 Telegram | https://t.me/AMTrades

🌐 Alan Masters Trades | Profit Trading Crypto
https://alanmasterstrades.com

🅰️ TOP Altcoins Signals| https://t.me/AMC1REGBOT

⭐️ Binance Calls | https://t.me/BCREGBOT

💎 BitMEX Trades | https://t.me/BBLREGBOT

Related Ideas

It closed around 342
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out