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TerranTim37
Jul 1, 2021 1:11 PM

AMP Price prediction for beginners by a beginner 

AMP / U.S. DollarGemini

Description

I am new & this is my first published idea, I welcome any & all constructive feedback. I am NOT a financial advisor, this is NOT financial advice, I'm just a dude who has been smitten by charting.

AMP is one of the new listings on Coinbase & is (at time of typing) the "cheapest" currency on the big American exchange. This chart is a basic example of price action on the daily candles, local low, local high & 2 basic trend lines. Other macro indicators & TA has highlighted late September/Early October as the potential peak for the 2nd half of this bull run & this AMP chart follows those trends. I anticipate a sell price, which is a 3x from my average cost, of just over .18 USD on or before 9/21. This analysis is almost entirely based on TA & AMP tokenomics.

I see this as an easy opportunity for new retail investors, (like myself) to make some money, gain some confidence & inspire more people to use Trading View.
Comments
TheKitchenTrader
Nice clean work, thanks for the contribution. A little more consolidation and back up the channel, possibly turning as soon as this weekend if BTC cooperates.
TerranTim37
@TheKitchenTrader, Thank you! I can be patient if BTC doesn't cooperate.
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