"Food & Medicine are life-essential products, but because of the way today's global supply chains are run, most of us do not know what we are really getting when we consume food or use medicine.
At the Ambrosus project we aim to radically improve the global supply chains by creating a trusted ecosystem where we can reliably record the entire history of products and execute commercial transactions accordingly.
We seek to enable a more secure and autonomous supply chain, improve distribution processes and allow consumers to easily see where their products come from and what is really in them."
With a vision like this, this is a reaaaally undervalued coin as of the moment.
So I'm gonna go with the details of re-entry.
Indicators are saying:
Let's go to the 4-hour time frame.
As you can see, there is a resistance area of 9300 to 10000 level.
MACD just broke out of the Zero line which is a bullish signal.
RSI still on the bullish level.
Price has been consolidating above the white dashed line.
1-hour time frame
Beautiful price action!
The price is sitting pretty above the 20 period moving average.
But MACD is curving downwards, might pullback a little.
RSI is going dowwards too.
Price action will confirm it.
Conclusion:
I'm going to wait for another breakout before entering again.
Targets:
1st - 12081
2nd - 16469
3rd - 20858
Research about this coin. It's got some weight in it.
At the Ambrosus project we aim to radically improve the global supply chains by creating a trusted ecosystem where we can reliably record the entire history of products and execute commercial transactions accordingly.
We seek to enable a more secure and autonomous supply chain, improve distribution processes and allow consumers to easily see where their products come from and what is really in them."
With a vision like this, this is a reaaaally undervalued coin as of the moment.
So I'm gonna go with the details of re-entry.
Indicators are saying:
- That the MACD is about to do a bullish crossover on the Daily chart.
- Yesterday, it broke out above the 20 period moving average.
- Today, it managed to stay above it with greater volume.
Let's go to the 4-hour time frame.
As you can see, there is a resistance area of 9300 to 10000 level.
MACD just broke out of the Zero line which is a bullish signal.
RSI still on the bullish level.
Price has been consolidating above the white dashed line.
1-hour time frame
Beautiful price action!
The price is sitting pretty above the 20 period moving average.
But MACD is curving downwards, might pullback a little.
RSI is going dowwards too.
Price action will confirm it.
Conclusion:
I'm going to wait for another breakout before entering again.
Targets:
1st - 12081
2nd - 16469
3rd - 20858
Research about this coin. It's got some weight in it.
Comment:
AMBBTC is still trading in range.
Red line is the resistance to break. You can buy here and accumulate or buy on breakout. I prefer buying on breakout so that I can minimize losses.
Green line is the immediate support. Once the green line is broken, the Elliot Wave is invalidated. I will then update this once that happen.
Orange lines are the new targets.