AirDAO (AMB) - Bullish divergence

On the above 2-day chart price action has corrected over 80% since the beginning of the year. A number of reasons now exist to consider a long position, including:

1) Price action and RSI resistance breakouts.

2) Price action backtests past resistance as support.

3) Price action tests the ‘bottoming candle’.

4) Regular bullish divergence.

Was asked about this one, seems bullish enough but has very small market cap.

Is it possible price action falls further? Sure.
Is it probable? No

Type: Trade
Risk: <=2-3%
Timeframe: Act now
Return: Don’t know

Trade aktif:

GRM support has confirmed for the last 10-12 days

Komentar:

Someone pointed out the flag pattern target to me. Above I said return: "Don't know', however the flag or wedge does indeed have 150% to 170% projection.

Komentar:

Always messages asking about this idea... If you were a seller those past 2-3 days the next move it about to hurt. Have you seen the candle that printed on the 2-day AMB-BTC chart?

Komentar:

Resistance failed, a good thing. Hold now until 7 cents or around 1000%.

Not trading this so you must ask for update below.

Komentar:

The last resistance is 0.013. After that it is a 10x