Ambrosus about to blow!

2021년 1월 24일

Ambrosus has confirmed it's bottom is in by printing a nice peachy rounded bottom reversal pattern and looks set to return to it's historic price volatility.
Having declined from it's ATH of 12,000 satoshis during the Dec 2017/ Jan 2018 crypto bullrun, AMB next rocketed from 3000 sats to 9500 sats in March 2018, from 1500 sats to 3511 sats in Oct 2018, from 148 sats to 533 sats in October 2019, 138 sats to 393 sats over Jul/Aug 2020 and has since slipped down to an all-time-low of 37 sats earlier this month.

Positive signals:

Overhead downtrend resistance is out of the way

*RSI has risen

*Bollinger band squeeze on the daily opening up as candles continue to climb

*Bullish cross of the 50 EMA over the 100EMA on the 4hr

Lots of previous support/resistance levels to watch going back up.

I entered at 59 sats with the following initial targets:
1: 16.7% - 70 Sats
2: 34.7% - 80 Sats
2: 67.2% - 100 Sats

Good luck!