AMP looking good for a breakout to the upside while BTC consolidates for the next few weeks. A giant bullish pennant on the Daily chart is forming since May.
AMP has also held and bounced from the 200 EMA for its entire history, and the higher lows and higher highs of this pattern set it up for a possible breakout. As long as Bitcoin holds and then starts going up towards the end of September, we should see a nice pump on AMP.
Possible resistance at the 50 Day EMA, as well as strong resistance around 0.077 as well as 0.10, and of course the all time high of 0.121950.
We have seen AMP make crazy moves in a matter of days in the past, so definitely keep this on your watchlist in the coming months.
Not financial advice, for informational purposes only.