POLONIEX:AMPUSDT   Amp / Tether USD
i do believe amp is in a much larger structure working on completing this bigger wave (2)

it's currently in a triangle, and has confirmed my bias on this steep drop from the recent highs.

the internal moves of the triangle moved in 3 waves which gave me the suspicion that this was an abcde setup.

i've started a position at the bottom of the triangle as my orders miraculously were filled.

wave 3 will be moving to around $0.25 at the bare minimum, for the bigger yellow Wave (3) \\ i think this happens closer to the end of september \ the start of october.

best of luck with this one, it's a long hold ~

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.