At its core the idea is that the Volatility is low so the MACD and the Ichimoku can be trusted to be strong enough indicators to determine how
AMC
will move as it approaches a projected support of @6.20 or turns to move to a projected resistance of @10.20.
Alternative earlier support and resistance could possibly be @7.20 and @9.20.
AMC
will move as it approaches a projected support of @6.20 or turns to move to a projected resistance of @10.20. Alternative earlier support and resistance could possibly be @7.20 and @9.20.
Comment:
Well, the projections were undoubtedly correct and the rising line in the chart has been quite closely followed in the price movements of the symbol. I don't dare to follow this up with a new analysis of the coming movements of the value, but the rising line could at least serve as a useful guide to an impending dip of the value if it moves strongly below it.