Long

SynereoAMP coinburn is coming!

By gGYSRin

Updated

Here you can see double bottom formation. Target of this pattent 7400-7600 satoshi.
And this: synereo.com/burn-amps/

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1W chart:

Here my previous AMP chart!

Feel free comment. Your opinion very important for me.

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Here my previous AMP chart:

SynereoAmp. Powerfull breakout, next wave

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I suspect nice run, but happen nothing. Lools like coin already was burned before.
Nevertheless I will HOLD this coin, I have enough technical data for HOLD.
Here 1H chart:

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Maintain SL under BLUE line

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Developer have good party, and still no coin burn. Untill
en.memgenerator.pl/mem-image/yes-i-won-nothing-en-d018bc/d

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Hmm... I checked wallets of Synereo. And know what? they burn 371880263AMP!!!
But price continues fall down! Some sh...
omniexplorer.info/address/34MWvp1xfxaaqXENxWW45uqDfuNY9f8hr2

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omniexplorer.info/address/3Q7T1ES6atTpeSid3w17HS3eEsHbhQC9jf
omniexplorer.info/address/3No5y1WuEh4LSEFNngyPdEmyMUqS8rBCWb
omniexplorer.info/address/3AKjXkuBEyaXfuXVfdf1VUBAzGPR49NifM

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Why?
I share you answer when found it.

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Simple math. They was burned reserved coin. Not paid circulating supply.
So recommendation still clear BLUE line support
200MA and 50MA resistance.
Market need more consolidation for grow.
If you wont hold this coin for long you can maitain SL 3204 satoshi lvl
Have a nice day adn good profit.

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I made mistake developers burned 326880263AMP according they financical doc during 23th 31st of March. But still not changed it. Maybe this is one of the reason.
But main reason that market still bearish.
We close to SL if it will sustain under BLUE support line I'll closed position.
Have a good night and good profir!

Trade closed: stop reached

I revisit it later.

Trade active

Here againt start some move.
1D charts (Resistance 100MA):

1D chart (support lines 30EMA, 50MA, 200MA):

1W chart (Resistance 26EMA, 52MA):
So, what we have. Weekly chart start move up MACD too.

Daily chart move up.
MOST SAFETY OPTION to enter is after sustain about ~4150satoshi (26EMA).
1st take profit is ~6300satoshi (52MA).
No guarantee, maintain Stop Loss 3300 satoshi.
Find enter point on hour chart!
Trade safety! And have a nice day!

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1W chart (26EMA + 52MA):

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Back to uptrend coming soon:

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