The AMB/USD chart cancels out a lot of noise from the
Downtrend broken and turned into an uptrend that needs
to hold these next couple of weeks to stay valid.
An inverse head and shoulders looks as though it is forming:
It has a clear neckline (blue horizontal) and assuming the
uptrend/diagonal support holds here that would be the...
This altcoin AMB have regained for the first time the 200 DMA in June 2020 after a pretty impressive downtrend.
Actually price is retesting the 200 DMA, and this retest seems successful. Until the price is ABOVE the 200 DMA, is bullish.
Also VOLUMES seems confirming a "round accumulation pattern", even if we must be careful when watching the volumes on crypto...