Ambrosus Likely To Retrace Further Before Jump!

17 Jul 2020

Ambrosus (AMBBTC) managed to break above the MA200 black line just to quickly fall back down.

After testing EMA100 and EMA50 as support, a lower high hit signaling additional retrace.

• We are likely to see prices move to the 0.786 Fib. retracement support before the next move can develop.
  
• We are ultimately bullish on this chart as long as prices remain above 75 satoshis, the 15-May low.
  

Thanks a lot for your support.

This is not financial advice.

Namaste.

22 Jul 2020

Catatan

It went straight up...