This altcoin AMB have regained for the first time the 200 DMA in June 2020 after a pretty impressive downtrend.
Actually price is retesting the 200 DMA, and this retest seems successful. Until the price is ABOVE the 200 DMA, is bullish.
Also VOLUMES seems confirming a "round accumulation pattern", even if we must be careful when watching the volumes on crypto...
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For now price is at strong resistance and in our triangle. As long as it remains in the triangle we can enter long. We know if we break below under our triangle we have to take loss..The movement i expect is drawn in the chart...
At the height of 2018 the volume was only 118million yet now with the price so low the volume has spiked to 1.6billion
CAN SOMEONE EXPLAIN THIS PLEASE
Is this major insider trading?
The AMB/USD chart cancels out a lot of noise from the
AMB/BTC chart.
Downtrend broken and turned into an uptrend that needs
to hold these next couple of weeks to stay valid.
An inverse head and shoulders looks as though it is forming:
It has a clear neckline (blue horizontal) and assuming the
uptrend/diagonal support holds here that would be the...
