AMPLong
✴️ AMP Early Signals (Name Your Altcoin)
We only have early signals here, nothing confirmed, nothing strong but we will still dive in; Join me!
Can AMP grow?
Can it recover from this point forward?
Yes. We can clearly see a very strong bearish bias, new lows after new lows which is always bad but, there are signals that can reveal what's coming if one looks deep enough.
For example, as AMPUSD moves lower and lower, so does the trading volume.
➖ If the bearish trend were to continue, volume would be high each time a new low is hit.
➖ If the bearish trend were to continue, bearish volume would be predominant on this chart or at the least, bull volume low.
Notice "April 2023", in this period we have a consolidation pattern but no volume, and we get another drop.
In the "July 2023" period, we get some volume and there is a small rise but no bullish strength and thus a new low.
In the current period, "October 2023", we see new lows but no bear volume while bull volume starts to go up... That's the give away signal.
AMP can turn.
➖ If prices move and close below the last low around 0.001400, this analysis is invalidated.
➖ If AMPUSD trades above this level, a strong bullish potential remains valid and can develop anytime, in short, massive potential for growth.
Thank you for reading.
Remember to eat healthy, meditate for a clear mind and better decision making, thus better trading results... Oops, I meant to say that this is not financial advice.
Thanks a lot for your support.
Namaste.
Can AMP grow?
Can it recover from this point forward?
Yes. We can clearly see a very strong bearish bias, new lows after new lows which is always bad but, there are signals that can reveal what's coming if one looks deep enough.
For example, as AMPUSD moves lower and lower, so does the trading volume.
➖ If the bearish trend were to continue, volume would be high each time a new low is hit.
➖ If the bearish trend were to continue, bearish volume would be predominant on this chart or at the least, bull volume low.
Notice "April 2023", in this period we have a consolidation pattern but no volume, and we get another drop.
In the "July 2023" period, we get some volume and there is a small rise but no bullish strength and thus a new low.
In the current period, "October 2023", we see new lows but no bear volume while bull volume starts to go up... That's the give away signal.
AMP can turn.
➖ If prices move and close below the last low around 0.001400, this analysis is invalidated.
➖ If AMPUSD trades above this level, a strong bullish potential remains valid and can develop anytime, in short, massive potential for growth.
Thank you for reading.
Remember to eat healthy, meditate for a clear mind and better decision making, thus better trading results... Oops, I meant to say that this is not financial advice.
Thanks a lot for your support.
Namaste.
🔥 PREMIUM Trade-Numbers
lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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