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CryptoPAMM
Mar 22, 2018 8:26 AM

Synereo AMP vs Bitcoin - Uptrend, the Beginning Long

Amp / BitcoinPoloniex

Description

Synereo has found the bottom at 2500 satoshis and immediately went up towards 50% Fibonacci retracement at 5k satoshis, that has been rejected. Price has corrected down and went back to the downtrend trendline, which this time acted as a support and also has been rejected. 

After that AMP/BTC broke the downtrend trendline of the last corrective wave down, signally on a potential uptrend. The strong resistance is still at 5k satoshis area, but if broken it is likely to rise towards 88.6% Fibonacci at 6.7k satoshis.

On a downside, only break and close below 2500 satoshis could invalidate bullish outlook, thill then price should continue rising and perhaps could go far beyond 7k satoshi resistance area.

Comment

First target reached

Trade closed: target reached

Comments
sofiane-sher
It didn't reach 7000 yet
funmanias
2018 best coin will be amp we will see :)
CryptoPAMM
@funmanias, it looks like it could go up huge
PhucLe7b
How about AMP burn coin? HiTech. Could you please confirm this information?
CryptoPAMM
@PhucLe7b, not sure about that, but I am sure that technical analysis point out to the trend reversal
rakib9035
@PhucLe7b, They already burnt
Check coin MC
PhucLe7b
@rakib9035, I check schedule on coinakercal, they will burn in 31 of march
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