AMPUST trade ideas
Ampleforth is trending steady and slowlyAmpleforth reached the bottom of the channel and has a high probability to go to the mid-line which is at the 0.5 fib with around 35% profit. In confluence we see the RSI plotting a ''Bullish Divergence''. A good strategy could be to take 75% profit at the mid and reenter 50% at the bottom again or let the 25% ride!
*DISCLAIMER* This idea is only for the purpose of sharing ideas -> NOT investment advice,
any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^
AMPL - 2 possible scenario's, expecting upsideTo keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend = bullish (HH, HLs)
Notes:
- Bullish channel formed
- Respecting the recent H1/D1 supports nearby
- Potential bullflag forming inside the channel range
Idea:
- If bullflag is valid, expecting break upwards
- With low volume/high selling volume I can also see a further retracement to fib 0.5/fib 0.618, since the RSI seems to be trending downwards well
AmpleforthThis coin ridiculously easy to play and making some strong regular moves. not dipping at all. Can find it on Kucoin or FTX.
Demand Zone is now. checked indicators and they are perfect on 1D.
Strategy :
- Wait for a breakout of the 3EMAS and buy it just after 1$
- TP1 : Before 1.5$
- TP2 : Before 2$
if AMPL not break EMA's just don't buy it.
PS : u can also buy it now and sell it before EMA' (Before 1$) and rebuy after a break. but not sure it worth the risk reward. your choice!
Don't greedy !
Happy Tr4Ding !
AMPL (Ampleforth) possible breakout?Is AMPL (Ampleforth) ready for a breakout?
We are at the 0.236 fib resistance. If we can break this resistance we will see a breakout of this wedge and it will probably hit the .382 fib and then try to find support on the .236 fib resistance.
My targets for the long run:
1.31 (.382 fib)
1.53 (.5 fib)
1.76 (.618 fib)
2.08 (0.786 fib)
2.49 (1 fib)
I will take 30% profit at every fib rule and buy it back when it hits the previous fib rule or makes a reversal. Example, when it hits .382 fib I will sell 30% and buy it back when it hits the 0.236 fib or makes a reversal.
I will take 50% profit if I receive a sell signal
I will take 100% profit if we have a double top or a lower high
StopLoss,
I have my Stop Loss below de wedge at 0.75
I will try to buy it back on a double bottom between 0.6 and 0.62
Never loose a winning trade.
Sheers,