Ambrosus (AMBBTC) can easily produce an impulse breakout to the upside and generate some nice gains quickly.
Take a look at the last three candles, marked yellow on the chart, if the bulls follow up there can be a massive breakout.
On a different scenario, if not enough momentum can be garnered, then you can expect a little retrace followed by the move to the upside... Still, this is a good set up here so... Let's trade.
(Note: On a negative outcome, we have a stop-loss as protection).
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Trade: Ambrosus (AMBBTC)
BUY: 0.00000600 - 0.00000665
NEXT SUPPORT: 0.00000500
TARGET:
(1) 0.00000689
(2) 0.00000860
(3) 0.00000980
(4) 0.00001130
(5) 0.00001300
(6) 0.00001500
STOP: Close weekly below 0.00000400.
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This is Alan Masters.
Namaste.
P.S. This is not financial advice.
All information is shared for learning and entertainment purposes only.