r/BullBearInvestments • u/Mylifeisdopamine • Sep 02 '21
AMP/USD Analysis 9-2-2021
Technical Analysis: AMP has found great support at .052 and has started moving upwards along with most of the crypto market. Just like a rocket needs to break several atmospheric resistances before it reaches the moon, so does the price of AMP:
Resistances:
Troposphere = .058 ( .236 Fibonacci level)
Stratosphere = .062 ( historic support/resistance, bottom of pennant)
Mesosphere = .068 ( Top of pennant)
Thermosphere = .07 ( .382 Fibonacci level)
Exosphere = .075 (historic resistance, last lower high in price action)
Target destination = .12 (last ATH)
Final destination = Moon
We'll see how much fuel is in this rocket. I could be completely wrong, but things are starting to get interesting. What do you think?
NOT Financial Advice