AMB is ready for recovery
Although ALT season hasn't started yet, but this one looks promising.
Finding support on the uptrend (Trapped in a rising widening wedge-Bullish) after breaking a previous resistance (Yellow line). With EMA 50 acting as a resistance, we need volume and confirmation (4h candle closing above EMA 50 and the red line) we can find profit targets according to fib levels. We can spot MACD divergence which is another bullish sign. If we break below 0.0000051 then the signal is going to be invalid.
Targets:
1- 0.0000063
2- 0.000007
3- 0.0000075
Best regards
Finding support on the uptrend (Trapped in a rising widening wedge-Bullish) after breaking a previous resistance (Yellow line). With EMA 50 acting as a resistance, we need volume and confirmation (4h candle closing above EMA 50 and the red line) we can find profit targets according to fib levels. We can spot MACD divergence which is another bullish sign. If we break below 0.0000051 then the signal is going to be invalid.
Targets:
1- 0.0000063
2- 0.000007
3- 0.0000075
Best regards
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