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:
AMBBTC looks bullish to me on Daily and 4H timeframe, can take couple of weeks to play out but definitely a worth try out.
Entry: 270-285 Sats
Target: Above 500 Sats
Stop: Below 249 sats
Note: This is not a financial advice, DYOR and as always beware of BTC and overall market movement.
I am all in good luck.
AMB seems to be accumulating near the breakout of symmetrical triangle
if AMB breakout with good volume and move past a small resistance near the breakout then it should reach the targets
BUY at the breakout
Targets are on the chart
SL -5 % of buy-in or just below previous support
Watch out for BTC volatility as well before entering the trade
Although ALT season hasn't started yet, but this one looks promising.
Finding support on the uptrend (Trapped in a rising widening wedge-Bullish) after breaking a previous resistance (Yellow line). With EMA 50 acting as a resistance, we need volume and confirmation (4h candle closing above EMA 50 and the red line) we can find profit targets according to fib...
Stoch RSI seems to be moving up
SBS Indicator shows BUY signal
Crypto Tend Analzyer is Green as well
Buy at the breakout of the trend line
Targets and SL are mentioned on the chart
Lets see how this will play out
$AMB Potential inverted H&S pattern in play...
UCTS Buy signal on the 12h
Volume starting to rise
Breaking above current level (~720sats with volume) could act as trigger.
Enough room to make a big move if happen