AMP is looking to repeat history as it rallies upward. Look to buy in at around 7300 sat's and a break at the 23.6 fib. Watch for major resistance as it approach the trend line. If that can be broken I would look to take profit around 17400 sat's. The reason I would exit the trade at this point is due to the fact the last peak was 36% lower and if that is the case than it will fractal again and peak out 36% lower then the previous high which comes to about 17435 sat's or the 61.8 fib. This uptrend is looking promising as the 50 day MA is about to cross both the 100 and 200 day MA. Holding above all three of these averages is a strong sign of bullish momentum. Overall if this trade works as I predict it could lead a massive profit of nearly 140%. As always I will update this TA if I decide to hop into this trade!
Let me know in the comments if you find this TA to be promising! Throw a like and follow if you dig my work as well. -CJW :)
Let me know in the comments if you find this TA to be promising! Throw a like and follow if you dig my work as well. -CJW :)