A lot of micro caps are breaking out with new significant daily highs. AMP formed a clear rounding bottom on the weekly. It is currently retracing from a new 63-day high. At this time, there isn't a good trade opportunity given risk-reward considerations. Volatility is way too high. Waiting for an intraday consolidation near S/R red line to reassess a setup.
I remember back when this token were quite hyped back then on my twitter timeline by few accounts. Nowadays it's already bearish trend for 316 days with few spikes within that time frame. The bigger picture, it's bearish af here.
With lower high rsi level and the price action is real flat as you can see here, I bet it might bring us fortune anytime soon.
Looking at our trend timeframe we see price continuing to respect our downtrend with support found 500 satoshis. Last week’s candle left us with an indecisive doji. Last time price was this low was back in November 2015 when AMP was first added to Bittex where we ran from 500 to 24000. Not expecting the exact same...
From AMP/BTC pair I expect a very large profit. Potential profit may be amazing 1200% or more!!!
Entry = 950~1000
TP1 = 3000
TP2 = 6900
TP3 = 12000
TP4 = can be amazing 26000
Synereo (AMP) soon is launch Product X, it's decentralized social network. This news can raise the price.
Buy at 955
Close Weekly below 0.00000900
Risk / Reward
8% / Hold
Invest: 3% to 5%
If AMB fail to do his move next buy zone will be at 580
we ask Allah reconcile and repay