Short & Simple Idea For AMPAMP can be seen making a big run after breaking out of or below every bullflag pattern on the daily chart so far... Will the trend continue?
We will need to see a clear break of the 0.055 area (coincides with the 50 Daily EMA ) with rising volume . AMP just broke below the bullflag recently just like before its big run in July.
However BTC is also moving the markets so will need to keep an eye on it to determine future price movements.
Definitely keep this past runner on your watchlist ;)
AMPUSD
AMP - diamond top or continuation?AMP has formed a diamond pattern which can mean one of two things, a diamond top (since overall trend has been up) or a continuation pattern.
one of the things i do if there's a pattern that can go either way is go check the BTC pair... so if you look at the AMPBTC chart, to me, it looks like a descending wedge that's about to break upwards... so with that, i think this diamond pattern is a continuation of the upward trend
not trading advice, just my own opinion
be safe
tg
It's time to AMP it upSame chart, just adjusted bottom trend line for a tighter fit. Nice and simple chart, perfect formation priming for breakout of the top trend line.
Some reasons I'm excited:
Price has clearly been suppressed, just watch order books in real time. This effectively gets retail noobs off their tokens while whales accumulate them. I watch these books very carefully... Buying sprees have been consistently followed by individual major sells to bring price back down... then selling sprees have been followed by individual large buys to maintain a stable price. The accumulation is clear as day, you just need to look. So the question is why?? Do the whales know something we don't and want all the AMP for themselves?... Also did anyone else notice that when BTC and the entire market had its recent crashes, AMP went down the least % of nearly all tokens? Price has been going sideways while staying tight inside its current formation without breaking one way or the other yet. There's about 10 days left before we will see which way it goes, but I believe the only direction is up due to the circumstances listed which I've witnessed for myself.
So what don't we know? Well what I do know is that AMP/Flexa has ridiculous potential. There's been the rumor that Flexa will be adopted by Amazon for their crypto payments... They say buy the rumor sell the news. If this unfolds to be true, we are talking about a top 5 crypto... $1/AMP won't sound so crazy after all.
Anyhoo, as always pals...
GLHF
Simplicity is keyLet's keep it simple buddy ol pals. AMP is a very unique project/token that can be applied to more real world use cases than most others. Fundamentals are great... calling for an easy long position. So now the next step is to look at the charts to see where we should enter. I've kept my eye on this token for a while and noticed a few things...:
1. Lots of hype and momentum upon Coinbase listing.
2. This hype and momentum moved on to other tokens while AMP has consolidated in a very straight-forward and simple formation for a solid amount of time.
3. Volume has consistently been heavier on the buy side although price has stayed within a specific range, which typically points towards manipulation with the market makers keeping price down while mass amounts of accumulation occurs.
4. (Most importantly) every BTC dominant *dip* that affects the entire crypto market (including this recent Sept. flash crash) has not dropped AMP value as dramatically as almost all other tokens and has not changed the trajectory AMP has been on.
5. Most projects have come close to, if not surpassed, previous all time highs... whereas, AMP hasn't even come close yet to its ATH of ~$1.20.
In my eyes, all signs point to dramatic upside potential.
Just the thoughts from your favorite degenerate trader. GLHF.
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 ~
What amp looks like to meNo price predictions until I confirm the bottom. I do believe we will see a consolidated bottom around the 0.35 though, I totally agree with Eloquent's original post.
$amp wave 3 setupamp is poised for a pretty big run soon, it already saw a 1-2, and another sub 1-2 the other day
what comes next will be a parabolic move.
short term, this trade takes us to $0.09ish
mid term, this goes to $0.25
longer term, a few dollars.
watch the 100~123.60% algo target as a potential buy zone before that rip to the upside.
AMPUSD for Long Term InvestorsAMP, a cryptocurrency that still remain very undervalued in my opinion, has been creating a lot of support at the .06 area. This crypto must not be traded since it has currently very low volume and not much market structure data, however, for those that do like to do long term investments especially in cryptocurrencies, price is in a great area for buy opportunities since it has been holding the .06 very strongly. A price projection/prediction could not be made at the moment because of the low data in the market, however a break above the downtrend trendline could make price to reach again all time highs.
AMP flagNot a Financial advisor.
AMP recently pulled back quite a bit from its previous bull run.
It looks as if it has a clear reversal and is ready to start up trend.
I have .104 as a price target for me to scale back on this incoming run.
My target comes from basic flag measurements.
Momentum should pick up after we get a golden cross on the MA's & test of support over the coming days.
RSI is at 49
Stoch i'm watching to perk/curl up from the botttom
MACD looking to cross in the few days.
AMP has stayed consistent at these levels, a large increase of buying could get this to really swing upward.
GLTA!
The Swop.
AMP upwards after Golden CrossThat's right $AMP cross above MA200 and has consistently shown strong support at the 6c line. It's a volatile market, but let's be honest it's a great project that is seriously undervalued. Will reach 10c and $1 by the end of the year. So much potential IMHO compared to many other alt coins. Always do your DD, but it takes patience and market insights to win. Stay strong and onwards and upwards. Super bullish on $AMP!
$AMP next stop 7 cents and beyond....room for 10-20% growth Let's be honest, AMP has done a fantastic job staying strong at 6 cents and now moving nicely up. Looking at key indicators, incl. MACD, there is still tons of potential here. Not to mention, ACH pump and dump, but AMP is way better IMHO. I'm okay with the slower progress, but moving in the right direction for sure. Onwards and upwards!
Head and shoulders....will drop then spring back up to 40k. I love #bitcoin and #amp, but I called this out weeks ago. Head and shoulders pattern, and the right shoulder will drop like a ton of bricks. Believe it will drop to around 36k for bitcoin / mid to low 5c for AMP then kick-back again to higher highs. Don't be a bagger and always use stop orders! Best of luck!