Long
AMBUSD could be a potential opportunity
Updated
This altcoin AMB have regained for the first time the 200 DMA in June 2020 after a pretty impressive downtrend.
Actually price is retesting the 200 DMA, and this retest seems successful. Until the price is ABOVE the 200 DMA, is bullish.
Also VOLUMES seems confirming a "round accumulation pattern", even if we must be careful when watching the volumes on crypto exchanges, because sometimes they use certain techniques to create fake volumes which can sometimes lead to traps.
If things start go wrong, and we see the price losing the green curved line, we should start to be concerned, and if this coin would go below the actual minimum, it is better to exit, because that would mean a delisting or something similar.
By the way, at the moment the setup is great!
Do you know any interesting fundamental info regarding this coin Ambrosus?
If yes, feel free to leave a comment.
Actually price is retesting the 200 DMA, and this retest seems successful. Until the price is ABOVE the 200 DMA, is bullish.
Also VOLUMES seems confirming a "round accumulation pattern", even if we must be careful when watching the volumes on crypto exchanges, because sometimes they use certain techniques to create fake volumes which can sometimes lead to traps.
If things start go wrong, and we see the price losing the green curved line, we should start to be concerned, and if this coin would go below the actual minimum, it is better to exit, because that would mean a delisting or something similar.
By the way, at the moment the setup is great!
Do you know any interesting fundamental info regarding this coin Ambrosus?
If yes, feel free to leave a comment.
Note
BOOOM!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.