Bitcoin is at a large level of support. Price is having a short term recovery with poor volume which indicates that this support level is weak. If this support was valid BTC would have bounced to 45k. The MFI on the 2h chart is looking strong but could turn bearish very quickly. BTC is trading below the 200SMA which is a bearish signal. BTC is also trading...
AMC is starting to break the descending channel that has been ongoing since the 16th of November (2021). AMC has been trading under descending resistance and descending support. That has pushed the price below the 200SMA which has made AMC enter a bear market. Right now AMC had a short term retracement to the high level of 26$-27$. Price does not want to get...
Amc has been forming a huge inverse head and shoulders pattern. This pattern is very bullish. A breakout of this pattern could lead us back to 40$. AMC has a gap in the chart at 39$ which could be filled in the near future. The confirmation of this technical pattern is a break of the neckline which is on a very critical zone. We have the neckline resistance, the...
AMC has seen a huge rally the past couple of days. This large movement got rejected by the 200SMA at the 32$ range. This is heavy resistance due to the fact that this level contains a bearish OB (Orderblock). The 3h chart indicates that AMC will remain in a bear market a short period of time due to the fact that we haven't gotten a single 3h candle closing within...
AMC made a perfect bounce of the 0.786 Fib level (20$ level) earlier this week. This lead to a technical breakout above the 25-26$ level of resistance. We have established strong support at the 25-26$ range with signifficant volume spikes. We are at the micro times frames trading above the VWAP which was previously seen as resistance becoming new support. I am...