The Ambrosus/btc pair is getting a squeezy point. Some say the altcoin season just had started. But when looking at the graph the overall trends seems to go down (red line). However, a clear symmetrical triangle is forming and were just at the end of the squeeze and the breakout will probably happen soon. I suspect that a breakout to the downside will happen soon...
Ambrosus is a blockchain-based ecosystem built for the industrial management of sensing devices, supply chains, and smart cities. Open-sourced for the world of developers, Ambrosus aims to pioneer secure, transparent, and integral data management across industries of the global economy. By combining blockchain with the internet of things (IoT) the Ambrosus...
I am looking bullish on AMB/BTC I am trying to buy between 0.00000070 - 0.00000072 BTC
Stop Loss: 0.00000065
Sell target 1: 0.00000082
Sell target 2: 0.00000096
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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.
Virtual money has high profits and high RISK. THIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion.
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keep your eyes open The price is preparing to exploded
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AMB is now gaining momentum! Prices are now challenging MA 50 and looking ready for a strong bullish move.
Lets take look at the Chart
Strong bullish divergence can be spotted with the RSI.
Prices moving above EMA 13-21.
Double Bottom formation.
Resistance was broken.
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Priceline of Ambrosus (AMB) with Bitcoin pair has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg is retraced...
Another day, another alt with a new high. In this case, Ambrosus's ascending triangle was confirmed with a breakout. Unfortunately, I was too late to spot this trade. Price is slightly too extended for my liking.
Ideally, I would employ a trend-following strategy by buying strength after a breakout (new highs) but given the risk-reward ratio offered by this...
Priceline of Ambrosus (AMB) / Bitcoin cryptocurrency is moving within a pennant.
Now the price action has hit most recent support at 0.00000259 sats.
The MACD has turned strong bullish.
RSI is already in oversold zone.
Stochastic RSI is showing tendency to give a bull cross soon.
I have set the sell targets using Fibonacci sequence as below:
Brutal sell-off, approaching an area of psychological support (500). I'd hope to see a bounce around that area, however I'm not certain if buyers will show up just yet. The best advice I can offer is to be patient with your entries, let others cut their hands.
Trade Duration: Medium
Signal Strength: High
The Ambrosus network is a blockchain-based ecosystem for supply chains, ensuring the origin, quality, compliance and proper handling of items tracked by the network. Ambrosus’ primary focus is on improving supply chains for life-essential products,...