TF: W (Logarithmic)
Amp might be gearing up for a nice upside move. A couple key points:
1. Amp is currently trading and retesting the POC (~$0.00390) the bear move (~$0.13 down
to ~$0.00140). Price wicked back down into this area and pulled back up and is currently
trading near the and around the POC. This may be an area where bigger players are
accumulating.
2. Possible inverse H & S pattern is forming. This is a good area for one to form since the
inverse head is the lowest price achieved during the bear move.
3. CVD is possibly showing passive buying. The token price has broken below the large bull
candle that tapped ~$0.017. CVD is showing that passive buying may be occurring (i.e.
maintaining positive 4-5 Billion.
4. Lastly money flow curve is increasing which is generally bullish. This needs to move into
the green to maintain that stance.
Potential short/mid/long-term targets are listed on the chart. These are my opinion and should be taken with a grain of salt. Do your own research before buying.
Amp might be gearing up for a nice upside move. A couple key points:
1. Amp is currently trading and retesting the POC (~$0.00390) the bear move (~$0.13 down
to ~$0.00140). Price wicked back down into this area and pulled back up and is currently
trading near the and around the POC. This may be an area where bigger players are
accumulating.
2. Possible inverse H & S pattern is forming. This is a good area for one to form since the
inverse head is the lowest price achieved during the bear move.
3. CVD is possibly showing passive buying. The token price has broken below the large bull
candle that tapped ~$0.017. CVD is showing that passive buying may be occurring (i.e.
maintaining positive 4-5 Billion.
4. Lastly money flow curve is increasing which is generally bullish. This needs to move into
the green to maintain that stance.
Potential short/mid/long-term targets are listed on the chart. These are my opinion and should be taken with a grain of salt. Do your own research before buying.
Note
MF is pulling up, this needs to turn and keep green for momentum to the upside. The large rejection this week is not good but price can still turn around, so we will see how this plays out over the next few weeks.
Trade active
Moving near the first target, MF is pulling up on the weekly timeframe. MF will need to sustain its upward movement and turn green on the weekly for further upside movement:Note
AMP is looking pretty good on the weekly, MFI is clipping green on the weekly TF and momentum is moving up to:Note
Amp needs to break above this previous volume node for continuation higher:Note
Price has a made a move through the volume noted at ~$0.007, price will need to hold the ~$0.007 level at a minimum:Note
Price closed around the $0.007 and held last week. Got some minor pullback on lower timeframes, but overall $0.007 held and a push higher occurred, price action is looking really good: Note
Volume is looking pretty good....might see some additional upside soon:Note
Need to see some upside soon and will need to get past and hold $0.01 to get to the long-term targets. If price continues to fall a leg down to 0.003 to 0.0025 is possible in the near term. Note
Amp is showing signs that a volatile move may be coming in the near future. A lot of items at play right now: Fundamentals - Crypto Week for the US Government (Genius Act). This could lead to a positive regulation framework for AMP and it's payments rail technology.Bullish Technicals: Positive bullish divergence, strong positive CVD during an accumulation phase, and price is currently trading where a lot of trend based volume profile point of controls as shown on the chart.
Bearish Technicals: Price action looks like a correction to the last massive bear wave from last cycles bull run. This might peak up to take the highs around $0.019ish for a continuation of the downside on larger timeframes.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.