$AMC: Really Important Day!
⭐20$ Support must be held (Ema Ribbon support), previously this level was a huge level of resistance causing a 3 month consolidation. 20$ is also a large VPVR node that needs to be respected for bullish continuation. 20.9$ is the 7.86 Fib which is a good long term retracement zone.
⭐TD-Sequential red 9 which often indicates a bottom
⭐Looks like the MFI is forming a bottom
⭐Bearish TK-Cross on the Ichimoku Cloud (Bad Signal) most likely if the 20$ level holds this should be ignored
⭐We are retesting the large bull flag. This retest must hold as support
⭐For bullish continuation we need to see a good bounce with a significant amount of volume and a daily close above 23$
⭐Daily close below 20$ is going to be bearish (Highly unlikely scenario)
⭐Options Chain looking bullish, lower levels barely have any Volume or Open Interest
*WARNING* This thread is not financial advice. I am not a financial advisor.
⭐TD-Sequential red 9 which often indicates a bottom
⭐Looks like the MFI is forming a bottom
⭐Bearish TK-Cross on the Ichimoku Cloud (Bad Signal) most likely if the 20$ level holds this should be ignored
⭐We are retesting the large bull flag. This retest must hold as support
⭐For bullish continuation we need to see a good bounce with a significant amount of volume and a daily close above 23$
⭐Daily close below 20$ is going to be bearish (Highly unlikely scenario)
⭐Options Chain looking bullish, lower levels barely have any Volume or Open Interest
*WARNING* This thread is not financial advice. I am not a financial advisor.
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