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AMPUSDT

Possible Bullish Pennant For AMPAMP looking good for a breakout to the upside while BTC consolidates for the next few weeks. A giant bullish pennant on the Daily chart is forming since May. AMP has also held and bounced from the 200 EMA for its entire history, and the higher lows and higher highs of this pattern set it up for a possible breakout. As long as Bitcoin holds and then starts going up towards the end of September, we should see a nice pump on AMP. Possible resistance at the 50 Day EMA, as well as strong resistance around 0.077 as well as 0.10, and of course the all time high of 0.121950. We have seen AMP make crazy moves in a matter of days in the past, so definitely keep this on your watchlist in the coming months. Not financial advice, for informational purposes only.
GEMINI:AMPUSDLong
by sav-888
2
amp w2 setupi do believe amp is in a much larger structure working on completing this bigger wave (2) it's currently in a triangle, and has confirmed my bias on this steep drop from the recent highs. the internal moves of the triangle moved in 3 waves which gave me the suspicion that this was an abcde setup. i've started a position at the bottom of the triangle as my orders miraculously were filled. wave 3 will be moving to around $0.25 at the bare minimum, for the bigger yellow Wave (3) \\ i think this happens closer to the end of september \ the start of october. best of luck with this one, it's a long hold ~
Long
by notoriousbids
4
AMPUSDT ewt analysisi believe that amp is currently in a squeeze. chances are it rips to the upside - though, we always have to anticipate both sides of the story, so if it rips down, it will be a very quick move to hunt for liquidity in the golden zone. I am willing to buy amp here at 0.054, with a stop at 0.05 i will also have orders at 0.047 just in case the latter ends up happening. wave 3 target = $0.55 wave 5 target = $2.50 ps I had forgotten about this one entirely, so props to @TheKitchenTrader for reminding me about this one.
Long
by notoriousbids
16