AMBUSD could be a potential opportunityThis 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.
AMBUSD trade ideas
AMBUSDTHIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion. If you find this useful and want more guesses. don't forget to follow. Press the Like button. Leave your feedback to us in the comments section! Thank you very much for your support. Let us know how you see this opportunity and forecast in the comments.
Ambrosus on the verge of a breakFor now price is at strong resistance and in our triangle. As long as it remains in the triangle we can enter long. We know if we break below under our triangle we have to take loss..The movement i expect is drawn in the chart...
My baby $AMB one of my gems that i love is in full bull mode if you follow my page you will see i have been posting about this one and dropping hints
UMB USD Something we dont know about?At the height of 2018 the volume was only 118million yet now with the price so low the volume has spiked to 1.6billion
CAN SOMEONE EXPLAIN THIS PLEASE
Is this major insider trading?
AMB/ USDBeen holding this for awhile. Should price hold the 78.6 level, local swing target is $0.07-$0.08c.
AMB/USD SpeculationThe AMB/USD chart cancels out a lot of noise from the
AMB/BTC chart.
Downtrend broken and turned into an uptrend that needs
to hold these next couple of weeks to stay valid.
An inverse head and shoulders looks as though it is forming:
It has a clear neckline (blue horizontal) and assuming the
uptrend/diagonal support holds here that would be the first
target.
The second target is calculated by the price disparity
between the low of the head (in this case the lowest point
priced in on the chart) and the neckline, then adding that
difference to the neckline.
The Kumo cloud has been green these last couple months
which is the first time in AMB's 1W history.
The Tenkan and Kijun have crossed bullish, however they
are still not above the Kumo cloud so they aren't as strongly
bullish as they can be just yet.
The Lagging Span is still below the Kumo Cloud which is
bearish.
The massive volume is notable.
By the looks of things, the chart may contain just enough bullish
biases for the swing trader to have suitable conviction to make a
play here depending on risk tolerance.
For the long term hodler, entry point as an investment could play
out quite profitably for one who is looking to take a risky bet on
one of the lowest Market Cap coins on Binance.
This assumes that the product proves legitimate, the negotiations
with IBM/Maersk and others stay true and the team keeps working hard.
$AMB moving average strategyPrice is on the ma50 now. If create stop-loss at 0.31$ , it must be try. On the other hand if volume increase first selling area will be 0.36-0.37$ .
