💎Technical Analysis Summary💎
BINANCE: AMBBTC
-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
-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
AMB/BTC
-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...
#AMB/BTC Profit Update:
current price of AMB/BTC is 113 Sat.
#AMB Now 14% up from our Entry.
Short term trader you can take profit.
so if you have strong patience then you can hold some.
but you can take profit partially.
S: 95 Sat
R: 134/189/289 sat
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#AMB/BTC TA Update:
#AMB now at Support level at 100 Sat.
I can expect bounce from here.
buy zone: 95-100
I can expect 20-30% profit in short Term.
SL:- If any daily candle close bellow 91 Sat then I will exit this trade.
S: 95 Sat
R: 134/189/289 Sat
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Thank you guys.
AMB now sitting at all time low
all below targets are for long term 2-4 months
RSI below 30
Buy zone :- 930 -970
T1 :-1396
T2 :-2142
T3 :-3504
T4 :-5224
T5 :-5905
As you can see, we're on a leading diagonal started mid-august 2018, an expected to continue until december.
Wave 1 (29 days) is shorter than wave 3 (56 days), which should be shorter than 5.
For now, I'm expecting the accumulation area to be around 0.00076-0.00078ETH.
Then you can set your sales between 0.00120-0.00125ETH if you want to sell in a 30-45 days...
My favorite wedge
EMA's forming
Bullish RSI
Bullish MACD :)
Remember who gave it first & remember the name
Come back & Follow me if u have made nice profits out of this trade
