- Buy at 40k
- Sell conservatively at 88k
- Expecting to take 10-14 weeks.
- Looking on the weekly chart, we are at a strong green support line.
- The Stochastic RSI is incredibly over sold.
- The RSI is at the same strong green support level as previous lows.
- The MFI (not on this chart) is also at a strong...
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...
3 REASONS AMBROSUS IS HEADING UP
1. Price correction all the way down to 78.6% Fib levels, indicating correction is finally over.
2. We're seeing a nice breakout from the downtrend line, same goes to RSI.
3. We're in the upper Bollinger Bands, and we can see the bands expanding, indicating the possibility of a nice move upwards soon.
***This is just me...
Have entries at 0.00058009 looking for price to make a pull back but keeping close eye on 0.00064040 where I have a pivot. if this pivot holds I will add more to my position if it breaks, I have the following target areas for entries.
1- 0.00064040 ( pivot point)
2- 61.8 fib @0.00062616
3- 78.6 fib@ 0.00060590