Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
The AMB/USDT pair is currently showing a rebound from the support level. The technical indicators suggest a potential bullish move if the price can break above the 21 EMA at $0.00738.
With the continuation of this rebound, we can expect AMB to test the decreasing resistance trendline at $0.0124.
The lower support at $0.005 remains solid and can also be considered an invalidation point for this rally.
Trade Setup:
- Entry Point: $0.005 to CMP. - Target: $0.0120 (122.33% gain). - Stop Loss: If AMB closes below the $0.005 support level, we can consider this chart invalid.
DYOR, NFA.
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