HiTech
Long

Synereo (AMP) VS Bitcoin Uptrend

BITTREX:AMPBTC   AMP / Bitcoin
Synereo (AMP) found the support at 17k satoshi and went up breaking above the 200 Moving Average. What is more important is that AMP/BTC has also broke above a very strong resistance at 6770 sats             , that previously acted as a support as well as resistance, but today price managed to clearly close above that level, not to mention that the uptrend trendline has been rejected.

From this point, 6770 sats             should act as a support pushing price higher. The first strong resistance is seen at 15k             satoshi, where 50% Fibonacci retracement is. In addition, 261.8% Fibs, applied to the corrective wave after the MA breakout, is also at the 15k             satoshi level. It seems that the uptrend continuation is just around the corner and price could double in the coming weeks. Break above 15k             sats             should send the price to 17600 satoshi, and if it breaks higher then it could be the actual trend reversal, rather than the correctional wave up. Only a break and close below the 200 MA could invalidate bullish outlook.
Comment: Slite correction but still bullish
Comment: Still bullish, nothing changed
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@HiTech : Could you please update this coin? Thanks.
+1 Reply
Any updates on this trade?
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i think in a 2 week it will be 14k .. lets ride x2 :)
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Synereo has their new product release on Feb 13th, too.
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You think it will still go up?
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HiTech PRO Sacrifice89
@Sacrifice89, of course
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@HiTech, any timeframe sir?
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