💎Technical Analysis Summary💎
-Ambrosus is testing major support area at mid 150s sat
-This zone is a confluence of previous support and resistance
-It is also crucial for AMB, because if this failed
-The next potential strong support is way down to 100-90 sat
-So please, if you are planning to open Buy orders
-Make sure you have a proper stop...
AMB/BTC has been in a bear trend for years now
and flipping the top black diagonal whilst creating another
higher low would be bullish.
With the rumors of this supply chain meets blockchain
tech company working alongside IBM, Maersk
and others potentially coming to fruition, it could
see exponential growth...moon targets all the way to nearly
-Ambrosus is likely to go down after some bearish rejections at 350 sat range
-The key area that needs to be watching is somewhere around 200 sat zone
-This is a confluence of previous support turned resistance
-Also, the 0.618 Golden Fib level is lying on this zone
-But be careful, always watch for any Bullish signs before opening an order
This will be the same scenario on Binance when they announce support of the mainnet.
Ambrosus is gearing up nicely for a nice run and it starts with moving from the bottom of the current trading channel.
This should see a 50% move up to 329 Satoshi to start with.
After that we're in a new structure and we can revisit it at 330.
First of all i like this chart a lot. Because of
1-) Enormous volume for the last 4 weeks.
2-) RSI is at the bullish side for the first time in all time
3-) Clearly deeped out and recently proved that Bull are in control.
Ambrosus's average price for 1 coin of all time is $0.16. Now it is $0.04. And i think a regaining attempt (at least the average price) is...
Virtual money has high profits and high RISK. THIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion.
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Let us know how you see this opportunity and forecast in the...
-the price has retraced to .618 Fib support area
-a bullish bonce reaction happened today
-this area of support is a confluence of multiple factors
-the 20MA, upward trendline plus the golden Fib .618
-I'm not saying the price will reverse back to the recent top
-this is only a good area for possible Higher Low trade entry
-provided this level will hold...
Ambrosus (AMBBTC) managed to break above the MA200 black line just to quickly fall back down.
After testing EMA100 and EMA50 as support, a lower high hit signaling additional retrace.
We are likely to see prices move to the 0.786 Fib. retracement support before the next move can develop.
We are ultimately bullish on this chart as long as prices remain...