AMP - MOON or DOOM?

27 ต.ค. 2021

For the last three moths AMP is rapidly falling meanwhile overall crypto market is reaching its new all-time highs. That just makes me and probably everyone else wonder. Should I buy some? If you are an AMP bull, I would definitely suggest you get some. We are destined for a stronger move in the upcoming days, and if you are new, here is why. We formed a pennant pattern (You can find more about this pattern here: investopedia.com/terms/p/pennant.asp). The idea of the pattern is that the price of the equity bounces off the support and gets rejected at resistance until it breaks out. Note: price can break out to the upside as well as to the downside. So here is what I would do - get some now and wait. If it breaks out to the downside, set a stop loss at $0.0399. In case of a breakout, $0.075 would be a great area to shave off some. Hope this helps :-) ! See you soon!