This are only my observations! Keep in mind that I am a beginner and still learning!
What I see is bitcoin doing a crazy Monday wick to like 2700-2900 and then going back like fucking crazy and closing above/the same as the last week high, which means around 3530$.
This is the place where you, as a investor would like to place first bids. I see 1500-1800 as a accumulation zone. Further price movement will be dictated by Bitcoin and Ethereum moves, as AMB is pegged to BTC and ETH pairs on it's major exchange - Binance. Closing below this horizontal line (it can wick! but the body of the candle needs to hold above this...
This is what I am looking for right now. For me, it seems to be too risky to short. The last short I'v closed was at 3235$. Currently looking for potential bottom/bullish set ups. Everything is on charts.
Hey guys, I was researching low cap Binance coins and came up with the Ambrosus. FA is very strong at this one, 60M market cap, Swiss Gov backed, Masternodes, tokeneconomic and more coming. What is more important, I think we will see a big cup and handle on the daily. Then targets are ATH and above. Cheers ;)