Ambrosus signaling clear bullish divergence and accumulationAMB/BTC has been on a downtrend ever since the last altcoin pump cycle. In addition, the recent Christmas Bitcoin pump has caused it to break down from the historical support of ~72 sats.
However, the OBV shows massive accumulation ever since the last pump (~500 million to 1.8 Billion). The RSI(currently oversold) and MACD are both heading towards the bullish side while price is going lower.
Now with Bitcoin taking a pause from its pump, it may be give the alts some upside.
Fundamentals:
This is well funded project. They raised around $30 million from their ICO, so the marketcap right now (~$5 million) has a higher reward/risk ratio.
www.crunchbase.com
Price targets:
150 sats
220 sats
280 sats
350 sats
Note:
This is not financial advise. Please do your own research.
AMBBTC
Ambrosus (AMB) Before The Action, Moving Soon!I gave you some updates/follow up on altcoins that we've been looking at in the past, these are already moving.
Here is one before the action starts, AMBBTC (Ambrosus).
CHART SIGNALS
We have a falling wedge and also a lower low compared to May 2020.
At the same time, we have a strong bullish divergence with the MAC and RSI...
Just now prices are starting to move up.
This is one that will break out soon... Enjoy the profits.
Thanks a lot for your support.
Namaste.
AMB/BTC now ready to explodeAMB/BTC is forming a nice round bottom while breaking out of the descending channel it has been in for months. On top of this we can see an absolutely insane bullish divergence which has been forming for over a year. When this breaks up there will be no stopping it. 160-170 sats is the target but if it breaks above that level the sky is the limit.
Ambrosus waiting for breakout of channel (158% profit)Right now AMB is in a clear descending channel against Bitcoin. Once it breaks out of this channel, we can buy it for a bounce back up to the previous support area of 150 - 170 sats. At current prices that would be a nice 158% profit. Wait for confirmation and get on the train!
AMB About To Explode 300% EasyAmbrosus is a blockchain-based ecosystem built for the industrial management of sensing devices, supply chains, and smart cities. Open-sourced for the world of developers, Ambrosus aims to pioneer secure, transparent, and integral data management across industries of the global economy. By combining blockchain with the internet of things (IoT) the Ambrosus Ecosystem offers entrepreneurs, industries, and businesses a framework to manage and share data in a secure and efficient manner. As a fast-growing blockchain ecosystem, Ambrosus has been recognized as a 'Rising Star' by EIT. Ambrosus is the Founding Member of “International Association for Trusted Blockchain Applications” (INATBA), launched by the European Commission, and a partner to the United Nations 10YPF Sustainable Food Systems. A native blockchain of Ambrosus, AMB-Net is built on top of Parity Aura and utilizes Proof of Authority with staking.
Ambrosus - volumePlease tell with me why shouldn`t I drop some money into this? Look at that volume profile compared to ath, price hardly moved anything. Back to ath is 15k% from here, crazy potential.
AMB price in Double Bottom + Falling Wedgeprice now in double bottom also tight falling wedge
we made good breakout in falling wedge need once bounce and enter the trade
Check out the Daily candle here
AMB-BTC Trade IdeaAMB-BTC pair has been trending down for a while. It seems to be breaking out of the Trend Line (White).
RSI formed Bullish Divergence and breaking through the Resistance line (Yellow)
SBS Indicator signaled BUY on Daily chart.
BUY at the breakout and closes above the trend line
SL and Targets are on the chart.
Take into account of BTC Volatility.
Amb/btc aims at ATL priceAmb/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 see some strength signals
✳️Ambrosus/BTC (26/10) #AMB $AMB #AMBBTCAMB 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/BTC just for fun "Moon Analysis"AMB/BTC has been in a bear trend for years now
and flipping the top black diagonal whilst creating another
higher low would be bullish.
With the rumors of this supply chain meets blockchain
tech company working alongside IBM, Maersk
and others potentially coming to fruition, it could
see exponential growth...moon targets all the way to nearly
10,000 sats.
The monthly volume of July and August was remarkable,
each being much greater than any month prior. Could this
be wash trading? Maybe, maybe not. But it's fun to look at
moon targets regardless, and if the volume profile is
legitimate as well as the partnerships being true, with
more bullish information released about $AMB we may be
in for an exciting show.
These targets are solely based on previous S/R and
volume, they could very well never come close to
being reached, but with the uncertainty about this
Bitmex situation it's nice to keep things a little
lighthearted.
(S/R horizontal lines drawn on 1W chart,
using monthly candles here to emphasize volume)
AMB/BTC (Testing Major Support Area)💎Technical Analysis Summary💎
BINANCE: AMBBTC
-Ambrosus is testing major support area at mid 150s sat
-This zone is a confluence of previous support and resistance
-It is also crucial for AMB, because if this failed
-The next potential strong support is way down to 100-90 sat
-So please, if you are planning to open Buy orders
-Make sure you have a proper stop loss in place
-But if you want to play the breakout style
-Wait for the trendline resistance invalidation
-Upside target is up to 200 sat or higher
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AMB is ready to get five digit market cap againFirst of all i like this chart a lot. Because of
1-) Enormous volume for the last 4 weeks.
2-) RSI is at the bullish side for the first time in all time
3-) Clearly deeped out and recently proved that Bull are in control.
Ambrosus's average price for 1 coin of all time is $0.16. Now it is $0.04. And i think a regaining attempt (at least the average price) is very possible.
According to Wyckoff theory (imo) AMB completed the accumulation phase and got a spring with Huge Volume.
What is next ? getting over the accumulation zone . This is not happened yet. If it happens soon this will be a very explosive one
NOTE: Bitcoin is trying to break 12k level recently so this might cause a little pull back from that level.
AMB/BTC (Pullback to .618 Fib Level?)AMB/BTC
-Ambrosus is likely to go down after some bearish rejections at 350 sat range
-The key area that needs to be watching is somewhere around 200 sat zone
-This is a confluence of previous support turned resistance
-Also, the 0.618 Golden Fib level is lying on this zone
-But be careful, always watch for any Bullish signs before opening an order
$AMB - A move of 50% from bottom of channel on KucoinThis will be the same scenario on Binance when they announce support of the mainnet.
Ambrosus is gearing up nicely for a nice run and it starts with moving from the bottom of the current trading channel.
This should see a 50% move up to 329 Satoshi to start with.
After that we're in a new structure and we can revisit it at 330.
AMB looks beautifulAMB forming a second pennant, looks like it could break out and head to 3.6, high of 3.9 -4 sats, loving this play