Let's keep it simple buddy ol pals. AMP is a very unique project/token that can be applied to more real world use cases than most others. Fundamentals are great... calling for an easy long position. So now the next step is to look at the charts to see where we should enter. I've kept my eye on this token for a while and noticed a few things...:
1. Lots of hype and momentum upon Coinbase listing.
2. This hype and momentum moved on to other tokens while AMP has consolidated in a very straight-forward and simple formation for a solid amount of time.
3. Volume has consistently been heavier on the buy side although price has stayed within a specific range, which typically points towards manipulation with the market makers keeping price down while mass amounts of accumulation occurs.
4. (Most importantly) every BTC dominant *dip* that affects the entire crypto market (including this recent Sept. flash crash) has not dropped AMP value as dramatically as almost all other tokens and has not changed the trajectory AMP has been on.
5. Most projects have come close to, if not surpassed, previous all time highs... whereas, AMP hasn't even come close yet to its ATH of ~$1.20.
In my eyes, all signs point to dramatic upside potential.
Just the thoughts from your favorite degenerate trader. GLHF.
1. Lots of hype and momentum upon Coinbase listing.
2. This hype and momentum moved on to other tokens while AMP has consolidated in a very straight-forward and simple formation for a solid amount of time.
3. Volume has consistently been heavier on the buy side although price has stayed within a specific range, which typically points towards manipulation with the market makers keeping price down while mass amounts of accumulation occurs.
4. (Most importantly) every BTC dominant *dip* that affects the entire crypto market (including this recent Sept. flash crash) has not dropped AMP value as dramatically as almost all other tokens and has not changed the trajectory AMP has been on.
5. Most projects have come close to, if not surpassed, previous all time highs... whereas, AMP hasn't even come close yet to its ATH of ~$1.20.
In my eyes, all signs point to dramatic upside potential.
Just the thoughts from your favorite degenerate trader. GLHF.
Comment:
I'm aware of the recent Cream Finance "hack" as well. I believe this to be sus considering price action from such an event would typically be much greater than what actually occurred... regardless, $25m in the grand scheme of things is weekend cash... Some of the largest and most well known projects have had greater hacks only to provide the protocols with better future security and trust. I love being called crazy and stupid only to prove everyone wrong and have the honor of saying "Told ya so"
Comment:
Disregard #5 on list, ATH was not $1.20. Mistake when looking at another chart. ATH was ~$0.12
ALSO. News came out today that the hacker returned almost all of the stolen funds, we've seen these instances before where this was only to set an example and have the projects fix these loopholes. Like mentioned before, this only strengthens the system and adds further trust that they are working on making sure this doesn't happen again. :)
ALSO. News came out today that the hacker returned almost all of the stolen funds, we've seen these instances before where this was only to set an example and have the projects fix these loopholes. Like mentioned before, this only strengthens the system and adds further trust that they are working on making sure this doesn't happen again. :)
Comment:
So I guess rumor has it... Amazon, yes Amazon... will adopt Flexa for crypto payments. They say buy the rumor sell the news right?
T-minus 12 days or less till price is expected to explode based on TA alone. Throw this in there and $1/AMP won't look so crazy after all.
GLHF
T-minus 12 days or less till price is expected to explode based on TA alone. Throw this in there and $1/AMP won't look so crazy after all.
GLHF
