AMP broke upwards from a descending triangle. Another 70% + otw?AMP broke upwards from a descending triangle. Expecting a jump from highest price to lowest in the triangle, starting at the breakout. Another 70% + on the way? Watching closely.
AMPUSD
AMP M formationsM formation
Neutral formation in a bearish trend
Seems to be forming an inverse H&S similar to one previously seen
High risk high reward
I believe this will play out bearishly however. Continuation of the bigger M formation (in orange)
Quite hard to decipher the nature of this chart,
AMP/USD upside pausedPrice decreased a little in the last hours after the failure to jump above the SL. It has escaped from the down channel and now tries to approach the downtrend line. Maybe only a valid breakout from the chart pattern will signal a significant rebound and only if the rate will stay within the ascending pitchfork's body (above the lower median line).
AMPJust a simple chart. This is one of the few alts that hasn't broken or attempted to break out yet. Not exactly following the cookie cutter pattern from Bitcoin. I feel very confident that this falling wedge will break out. The green circle is a nice buy zone. We can either break out on this push, or see another bounce off the lower bound of the wedge then break out. I'll be peppering buys all around.
Might throw up some indicator confluence charts later.
Another promising oneGoing to breakout descending resistance line? Ascending support line, good volume lately, going to burn 33% of coins on March 31st, ... RSI getting to overbought though. To keep an eye on.
AMP/BTC on 70%-270% Profit Potential (MEDIUM RISK)This is an easy trade that is self explanatory. It was listed on Poloniex recently so volume should pick up soon as Bitcoin goes up!
Do not invest what you can't lose. We are not your financial advisors.
AMP Trade OpportunityAMP Technical looking good, we have set trend reversal alert for 3k satoshi which is support turned resistance, which will serve as our entry point.
We have a little opportunity in a channel trade here, movement to top of channel is around 700% gains.
Market cap is $20M and is in social media sector with less than 5 competitors, 2 biggest being IFT (investment niche) and steemit.
This one focuses more on preserving good content on web with incentive to do so.
The product is Wildspark and has some upcoming news:
The February 13th Update – WildSpark Goes Mainstream
The major update, due to be released on February 13, 2018, will shift WildSpark from an extension into a full web-app. It will provide an extensive enhancement to WildSpark’s core capabilities, with a multitude of new and powerful features:
Threaded commenting system for each piece of content, with in-browser notifications facilitating an ongoing discussion.
Support for content from various platforms in addition to YouTube, including text, music, images, and GIFs.
Amplifying content, with the recipients getting AMPs, using any type of currency – crypto and fiat.
Creating personal profiles, building a unique WildSpark identity.
Earning rewards for referring people to sign up and use WildSpark.
Back to the technical analysis,
MACD blue line looking to cross orange from downside to upside, stoch RSI supports upward movement, possible 3 dives pattern (not entirely sure if valid so take with caution).
Risk reward looks very favorable in this pair.
We are not entering yet but this is definitely a project we will add to core holdings for 2018 and beyond with product release in Q1.
Linked a related idea to a much better overall analysis done by Papou that only has 442 and is certainly overlooked.
Amp's steady ascentAmp has been slowing been moving up since a low of .09 about a month ago; steadily making higher lows along the way. Looks like on the 9th of November it broke resistance, but the breakout may have been cut short by the btc drama, which started at around that time. The price may very well be suppressed by btc action and undervalued right now. Looking to buy at next test of the bottom support line. In the mean time, since I know nothing about the coin, I'll be doing to some reading up to see if this coin is worth investing for the longer term beyond a short term flip.
