AMP refuel complete? Time to hop back on the rocket?
Time to revisit my favorite pink coin. AMP had a parabolic run that took place from October 23 2023 to March 11 2024. Since the high at .01682 we've had quite a sharp rejection and finally found support at .00568 on April 08 2024. Now let's dig into what could come next.
Bullish white trend line:First touch point was December 26 2022, second touch was March 27 2023 and we broke above the trend line on February 19 2024 but ended up being rejected. The "GOD Candle" that propelled us far above the trend line occurred on March 11 2024. Which definitely solidified this trend line(in my humble opinion). Lastly we retested the trend line as support on April 08 2024. Does it get anymore bullish? This trend line analysis on its own is a sign of strength and higher highs to come.
Let's take a look at potential upside targets for Anvil Token, ohh I mean APM token. I hope everyone is staking to Flexa capacity to claim their free Letter of Credit token. Cough cough BULLISH! Anyways upside targets. Let's take a look at the red box of resistance. Bottom of the red box is at .00789 and top of the red box is at .00822 we first and foremost need to clear this magnetic box. Take a look at the price action(candles and wicks) price likes being pulled to the box regardless if its for support or resistance.
Next we have a major level of resistance at .01328 which we broke above for a short period. Might change this level to .01212 after looking at the candle body closure and open from March 11 2024 and March 18 2024. But that's for a later time.
Lastly my highest upside target(for the mean time) is .02429 this level has a lot of price action with both wicks and candle bodies. AMP also fell off a cliff at this price level. So looking for AMP to reclaim .02429 then we will asses targets once these levels are met.
Remember analysis is being done on the weekly and monthly time frames. Be patient things take time. Trade smart. AMPY and AMP fam I love y'all!
Bullish white trend line:First touch point was December 26 2022, second touch was March 27 2023 and we broke above the trend line on February 19 2024 but ended up being rejected. The "GOD Candle" that propelled us far above the trend line occurred on March 11 2024. Which definitely solidified this trend line(in my humble opinion). Lastly we retested the trend line as support on April 08 2024. Does it get anymore bullish? This trend line analysis on its own is a sign of strength and higher highs to come.
Let's take a look at potential upside targets for Anvil Token, ohh I mean APM token. I hope everyone is staking to Flexa capacity to claim their free Letter of Credit token. Cough cough BULLISH! Anyways upside targets. Let's take a look at the red box of resistance. Bottom of the red box is at .00789 and top of the red box is at .00822 we first and foremost need to clear this magnetic box. Take a look at the price action(candles and wicks) price likes being pulled to the box regardless if its for support or resistance.
Next we have a major level of resistance at .01328 which we broke above for a short period. Might change this level to .01212 after looking at the candle body closure and open from March 11 2024 and March 18 2024. But that's for a later time.
Lastly my highest upside target(for the mean time) is .02429 this level has a lot of price action with both wicks and candle bodies. AMP also fell off a cliff at this price level. So looking for AMP to reclaim .02429 then we will asses targets once these levels are met.
Remember analysis is being done on the weekly and monthly time frames. Be patient things take time. Trade smart. AMPY and AMP fam I love y'all!
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