Hi dear friends, hope you are well, and welcome to the new update on Ambrosus ( AMB ) coin with BTC pair.
Previously we had a nice trade of AMB:
Now on a daily time frame, AMB has formed a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Amb/btc is in downtrend since mid August
Also we can see falling wedge formation
And After break key support between 124-130 sats it becomes under more sells pressure
And now it most likely aims at all time low price around 74 sat
Around that area we can see bulls try to enter
but best buy area will be after break trendline resistance
And shouldn't buy until...
AMB could continue to fall to the 100-110sts zone for the next few days, which is a good price zone for us to buy, as I think AMB will have a flash pump to the 160-170sts zone and that could be the signal for a rally in November with the target of 240sts and 300sts if it breaks through the 160-170sts zone.
Stop loss if the AMB falls off 95sts
AMB is now gaining momentum! Prices are now challenging MA 50 and looking ready for a strong bullish move.
Lets take look at the Chart
Strong bullish divergence can be spotted with the RSI.
Prices moving above EMA 13-21.
Double Bottom formation.
Resistance was broken.
Trade in profit! Push up Like button if you like my reviews and help you understand the...
Priceline of Ambrosus (AMB) with Bitcoin pair has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg is retraced...
Priceline of Ambrosus / Bictoin cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000413 to 0.00000408
Sell between: 0.00000425 to 0.00000443
Regards,
Atif...
Priceline of Ambrosus (AMB) / Bitcoin cryptocurrency is moving within a pennant.
Now the price action has hit most recent support at 0.00000259 sats.
The MACD has turned strong bullish.
RSI is already in oversold zone.
Stochastic RSI is showing tendency to give a bull cross soon.
I have set the sell targets using Fibonacci sequence as below:
Sell between:...
AMB Capitulation:
Brutal sell-off, approaching an area of psychological support (500). I'd hope to see a bounce around that area, however I'm not certain if buyers will show up just yet. The best advice I can offer is to be patient with your entries, let others cut their hands.
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Price has stayed in between the 1.0 and 0.618 area the likelihood of a drop to 1.618 fib level is high
A man must believe in himself and his judgment if he expects to make a living at this game. That is why I don’t believe in tips.
Jesse Livermore
of course, it's not financial advice you are 100% in charge of your decisions
