Price action and chart pattern trading
> The final 5th wave downtrend target with current ending diagonal wave
> Possible minor wave 4 uptrend ABC correction estimated at 0.382 - 0.5 retracement of wave 3 within 0.01800 - 0.02000 range or SMA50 dynamic resistance.
> Long Entry @ wave a or crossing SMA20 zone
> Target @ estimated wave c / SMA50 zone
> Stop @ wave...
the patience has been real on my end waiting for this thing to come all the way down here.
took almost a year.
we're finally here though.
anything under 2 cents is a buy for me.
amp is going to 100x in my opinion (maybe more).
long hold, set it and forget it kinda thing.
ps. this is not financial advice, don't follow my footsteps. do your own...
The AMP token has repeatedly been falling since inception, as a result of which the crypto has lost approximately 77.6% of its cost in 9 months.
The AMP crypto suggests the Double Top formation in the hourly time frame, and the current price is near the neckline.
The daily price graph of AMP token has been trading below the Redzone of Ichimoku indicator, where...
The week-by-week technical chart of the AMP suggests a consolidated trend in price for the future. On the day-by-day chart, the asset price is trading in a downside pattern. The potential gain pattern of the AMP coin may observe a threat near the value of $0.08. The support of the asset can be seen near $0.01. The 50 DMA is presently close to the worth of $0.0422...
AMP is approaching a level where we can either reject or breakout. If we do reject this level, the -0.27 fibonacci level would be next best place to look for buys. There's 3 ways you can trade this.
1. Breakout trade. Once price breaks the descending trendline, enter with stops below the lows
2. Short rejection trade. If price rejects the descending trendline...