Not a financial advisor.
Back from a hiatus (sorry followers)
Crypto has obviously been gaining steam, BTC hit a very nice reversal on the weekly chart. Anyways here is what I got for ya with AMP Token.
AMP is a collateral token. (Important)
AMP market cap is just a little bit over 3 Billion currently. with a price above .07 cents.
AMP is currently in a nice upward channel - continuing to reach higher highs and higher lows.
The chart I'm showing you is in LOG. (easier to see uptrend)
This is a weekly chart, so things will take time!
KEY resistance levels are above current price in yellow, Marked a floor as well.
Black trend lines represent the channel and support/resistance (resistance being the top)
Notice how the pitchfork is respected by the price action. current weekly candle is looking to close bullish and continue uptrend within the channel. Looking to break out above the .08 and .096 to make way for .12 cents. (I would suspect a pull back to cool off rsi at that point - but technicals can get further extended)
In the coming weeks I suspect price to hit the top of the channel of .20 cents ( with crypto starting to gain steam and run this becomes more likely)
MACD is looking to cross bullish to further signal a run
Stoch is starting to slant upward which is rather low (buy zone - in my eyes) Would like to see that rise up to the top and coast for a long period of time to keep signaling strength with the bulls.
RSI is only at 59 which has plenty of room to get to 70 (overbought) and beyond that!
For me, my plan is to try to scalp at .12 cents if there is a clear signal to do so, or wait to .20 cents cuz its at the top of the channel. In which I'd buy back at a lower level. My goal is to obtain 50k additional coins or more from scalping. I want this coin long term. I believe it is likely that this can get to $5 in a few years. That would be around $220 billion market cap, with a current cap of 3 Billion it certainly has a long way to go. But remember crypto is growing everyday.
My main concern is that the technicals on this could become shot, this could break out above the ascending channel ( still a relatively new coin - under a year) It continues to add partners. Rumors circulating amazon - I believe that would be far out, just people pumping in my opinion.
Feel free to comment with your thoughts and ideas. Ask questions if needed!
GLTA
Back from a hiatus (sorry followers)
Crypto has obviously been gaining steam, BTC hit a very nice reversal on the weekly chart. Anyways here is what I got for ya with AMP Token.
AMP is a collateral token. (Important)
AMP market cap is just a little bit over 3 Billion currently. with a price above .07 cents.
AMP is currently in a nice upward channel - continuing to reach higher highs and higher lows.
The chart I'm showing you is in LOG. (easier to see uptrend)
This is a weekly chart, so things will take time!
KEY resistance levels are above current price in yellow, Marked a floor as well.
Black trend lines represent the channel and support/resistance (resistance being the top)
Notice how the pitchfork is respected by the price action. current weekly candle is looking to close bullish and continue uptrend within the channel. Looking to break out above the .08 and .096 to make way for .12 cents. (I would suspect a pull back to cool off rsi at that point - but technicals can get further extended)
In the coming weeks I suspect price to hit the top of the channel of .20 cents ( with crypto starting to gain steam and run this becomes more likely)
MACD is looking to cross bullish to further signal a run
Stoch is starting to slant upward which is rather low (buy zone - in my eyes) Would like to see that rise up to the top and coast for a long period of time to keep signaling strength with the bulls.
RSI is only at 59 which has plenty of room to get to 70 (overbought) and beyond that!
For me, my plan is to try to scalp at .12 cents if there is a clear signal to do so, or wait to .20 cents cuz its at the top of the channel. In which I'd buy back at a lower level. My goal is to obtain 50k additional coins or more from scalping. I want this coin long term. I believe it is likely that this can get to $5 in a few years. That would be around $220 billion market cap, with a current cap of 3 Billion it certainly has a long way to go. But remember crypto is growing everyday.
My main concern is that the technicals on this could become shot, this could break out above the ascending channel ( still a relatively new coin - under a year) It continues to add partners. Rumors circulating amazon - I believe that would be far out, just people pumping in my opinion.
Feel free to comment with your thoughts and ideas. Ask questions if needed!
GLTA