This coin is showing strong volume and potential strong bounce back after going just below the 0.382 fib level.
AMP has stabilized on that support and is looking to make a Third Elliot Wave. Considering the market conditions that might quickly turn positive, I expect this coin to make similair move as it is laid out on the chart.
I am giving this trade about 2 weeks to about 3 months to completely develop. We should be taking small profits along the way. Here are some of the targets
It's been a rough ride for AMP. I'm still buying the dips and reloading on it, as I believe that because of the strong recent volumes it is prepping for a big up.
Long term, this coin looks really bullish. On weekly candles it's in a huge falling wedge witch is a bullish indicator. We will see how this trade continues though.
Volume is growing, on the weekly, so we will see what happens.
Patience is the key.
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Short term we are starting to look more and more bullish. EMA's are very close to crossing wich would confirm the upward trend.
We are slowly piercing through the red Ichimoku cloud which also shows strong opposition towards bearish trend. Also, short volume spikes are appearing wich can be interpreted as potential trend reverse.
This is very good since the long term picture is showing bullish signs aswell and if this trend continues, short term will soon officially confirm it.
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Strong pierce through Ichimoku cloud appeared after a short pullback. Strong volume also appearing. We'll see how this one plays out.
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Selling portion of my portfolio here. Securing good profit above 50%
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Buying the amount of AMP that I sold on 0.00006094 and taking the rest of it as profit.