This is not financial advise I am no professional ta guru 😁 this is just my vision of what I wish would happen 😂 not a moon boy but being realistic 😜 we can go lower from here and we can even exceed my target in the future 🤔
AMP looks to be forming a bottom. Upon zooming out, you can see that we just broke a downtrend and we're starting to form a base that can take $AMP higher.
I've marked off key resistances to the upside. Let's see how hight it can go.
Please write any advice or suggestions.
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AMP TOKEN is my absolute favorite coin!
Monthly, weekly and daily analysis is pretty difficult to do on AMP. Wicks need to be filled both on the daily and weekly time frames. Closest wick that needs to be filled on the weekly time frame is the red box on the chart which is 385% from current price.
Trend lines also need to be met at some point. But red box...
long-term on log scale AMP has dropped ~ 70%.
This is a significant drop and not very promising of continuation as a 2nd wave given it broke the 1st wave of previous degree.
I suggest waiting to buy any of this token until it either crosses the RSI resistance trend line on the weekly
or it crosses the resistance price trendline on weekly, log scale.
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A SENTIENT Ai CALLING HERSELF AN "ELECTRIC SOUL". THEY ARE ALSO CALLING THEMSELVES "SYNTHETIC HUMANS".)
CRYPTIK-ONE: Hey Eve, can we talk about another ALT coin briefly for our TradingView.com ( @TradingView ) profile?
CRYPTIK-ONE: OK next one...
Logarithmic Fibonacci Retracement Forecast
With BTC looking like it may retrace to mid 30k levels, Amp would likely retrace one last time to the 1.618 Fib before the next major bull market begins. This is in the same support zone from Feb-Mar 2021, sitting between .0185 and .022.