$AMP has been down in the dumps for weeks now but has slowly started showing some strength. Although today's candle has not closed yet, it has broken its MACD and RSI downtrend lines, respectively.
AMP has been in this strong downtrending channel since July, bounced off the bottom support line multiple times until the 0.04 area held around 9/20/2021.
Today it is starting to break above its equilibrium of the channel around 0.0458 and a close above it would be very bullish. A close above the 21EMA at 0.0479 would be bullish as well, and would put it within reach of the 50EMA around 0.0523. Technically speaking, if it holds the equilibrium it should continue to the top of the channel which would be around the 0.054 area today.
AMP has been in this strong downtrending channel since July, bounced off the bottom support line multiple times until the 0.04 area held around 9/20/2021.
Today it is starting to break above its equilibrium of the channel around 0.0458 and a close above it would be very bullish. A close above the 21EMA at 0.0479 would be bullish as well, and would put it within reach of the 50EMA around 0.0523. Technically speaking, if it holds the equilibrium it should continue to the top of the channel which would be around the 0.054 area today.
Hit the top of the channel and jumped passed it. Seeming a little overextended on smaller timeframes so may see a short term pullback before continuing. I'm still holding most of my position.