TF: W (Logarithmic)
Amp might be gearing up for a nice upside move. A couple key points:
1. Amp is currently trading and retesting the POC (~$0.00390) the bear move (~$0.13 down
to ~$0.00140). Price wicked back down into this area and pulled back up and is currently
trading near the and around the POC. This may be an area where bigger players are
accumulating.
2. Possible inverse H & S pattern is forming. This is a good area for one to form since the
inverse head is the lowest price achieved during the bear move.
3. CVD is possibly showing passive buying. The token price has broken below the large bull
candle that tapped ~$0.017. CVD is showing that passive buying may be occurring (i.e.
maintaining positive 4-5 Billion.
4. Lastly money flow curve is increasing which is generally bullish. This needs to move into
the green to maintain that stance.
Potential short/mid/long-term targets are listed on the chart. These are my opinion and should be taken with a grain of salt. Do your own research before buying.