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Senor_G
Aug 10, 2021 11:33 PM

AMP/USD nearing end of accumulation Long

Amp / United States DollarCoinbase

Description

With the exception of two deviations, AMP/USD has been accumulating within a 1.5-cent range over the past two months. I'm currently long but believe there may be another buying opportunity before the next leg up.

This chart reflects my opinion of the most likely scenario to play out over the next few weeks.

I used the Gemini chart as the basis for my trend-extension fib and take-profit zones.

Not financial advice. Do your own research.





Trade active

My falling wedge hypothesis was invalidated; however, AMP is still trending bullish, establishing a higher low on and fighting for a green candle on the 3D Heikin Ashi chart.
Comments
TheKitchenTrader
Nice work, agree. I like that his run is starting with a higher base price wise than the last two runs and indicators like Stoch RSI at the low on the daily.
jimmythis343
Good job!
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